|Closing Date:||October 30th, 2017||ISA Transfers:||October 16th, 2017|
|Start Date:||November 1st, 2017||Maturity Date:||November 15th, 2023|
Potential Gross Return: 6.5% per annum
Investment Type: Auto-Call/Kick-Out
Product Type: Capital at Risk
Investment Term: Maximum 6 years
Minimum Investment: £5,000
Underlying Asset: FTSE 100 Index
Capital Protection: This is a capital-at-risk product and the investor will lose some or all of the money if the Final Level of the Index is below 60% of its Opening Level. In this case, the reduction in the money invested in the Plan at the Maturity Date will equal the same percentage that the Final Level of the Index is below its Opening Level.
All non-advised sales carry an arrangement fee of just 0.3%* of your investment. This is the cheapest percentage fee you'll find online, and all designed to help you make the most of your money. To work out the charge for your investment, use our simple cost calculator.
If you receive advice in the purchase of your Structured Product then this will incur an arrangement fee, but at just 1.5% this is lower than almost every other provider. Purchasing this way will ensure that you receive help and direction in choosing your plan, making it a good option for investors who are new to Structured Products.
The FTSE Step Down Kick-Out Plan November 2017 (BNP) is a maximum six year two week investment offering a potential gross investment return of 6.5% per annum. The capital and investment return are linked to the performance of the FTSE 100 Index.
If on any Measurement Date, before the Final Measurement Date, the closing level of the Index is at least equal to its Reference level, the Plan will mature early and make a gross investment return. If the Plan matures early on any Measurement Date, the gross investment return amount payable will be 6.5% of the money invested for each year that the Plan has been in force.
If, on a Measurement Date, before the Final Measurement Date, the closing level of the Index is below its Reference Level, no investment return will be made and the Plan will remain in force.
The Reference Levels are as follows: year 1 at 105%; year 2 at 100%; year 3 at 95%; year 4 at 90%; year 5 at 85% and year 6 (Final Level) at 80%.
If the Plan has not matured early and the Final Level of the Index is at least equal to its Reference Level, it will provide a gross investment return at the Maturity Date equal to 39% of the money invested. If the Final Level of the Index is below its Reference Level, no investment return will be payable at the Maturity Date.
Please note an additional 0.25% charge will apply to this product if you require paper-based correspondence, rather than online communications from Meteor Asset Management.