|Closing Date:||September 11th, 2017||ISA Transfers:||August 25th, 2017|
|Start Date:||September 13th, 2017||Maturity Date:||September 27th, 2023|
|Product Type||Capital at Risk|
|Investment Term||Maximum 6 years|
|Underlying Asset||FTSE 100 Index|
|Potential Gross Return||6% per annum|
|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.|
The FTSE Step Down Kick-Out Plan September 2017 (BNP) is a maximum six year two week investment offering a potential gross investment return of 6% 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% 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 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 36% 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.
Fees for Advised Investments
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.
You must download and read the Plan Brochure for a full description of all the benefits and risks involved in the plan, prior to proceeding with your investment.
If you do not fully understand the risks or are unsure as to the suitability of the investment, please contact usFTSE Step Down Kick-Out Plan September 2017 (BNP) Direct & ISA Application Form ISA Transfer Application Form
Watch your finances flourish with our wide range of investment options. We offer Structured Products at flat-fee rates, all just a click away.Find out more
Structured Investment Plans offer higher opportunities for investment growth or income, but do not guarantee a return on your investment.Find out more