Meteor FTSE Step Down Kick-Out Plan January 2021
A maximum 8-years 3-week investment offering a potential gross investment return of 5.25% payable for each year the plan has been in force.
The closing date for ISA transfer applications is 11 January 2021.
Product Literature & Forms
You should always read the relevant plan brochure and any other plan documentation, for full details of the plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document ('KID'), that you should consider, before deciding to invest in the plan.
If you do not fully understand the risks or are unsure as to the suitability of the investment, please contact us
How to Invest?
Please note: This plan is available on an advised basis only. If you are interested in this plan, please telephone us on 01639 860111 to arrange a free consultation
1 Call for a free initial telephone consultation. If you wish to progress the process of the product purchase, the regulatory process of ‘advice’ must commence.
2 The completion of a financial review – which will confirm details of your income/capital and investment needs and experience
3 The completion of a risk profiler - which will help to measure your attitude to risk.
This process will enable ‘advice’ to be provided in relation to the suitability of the product to meet with your needs. The fee for this service and process is 1.5% (subject to a minimum fee of £300) for focused advice – which is focused and narrowed to the suitability of the structured product you want to purchase.
This is a maximum 8-year 3-week investment offering a potential gross investment return of 5.25% payable for each year the plan has been in force. The first Measurement Date will be on 30 January 2023.
If the Closing Level of the Index on any Measurement Date before the Final Measurement Date is at least equal to its Reference Level the Plan will kick out, i.e. mature early, and make a gross investment return of 5.25% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be on 30 January 2023, one year after the Start Date. If the Plan has not matured early, and the Closing Level of the Index on the Final Measurement Date (the ‘Final Level’) is at least equal to its Reference Level, the Plan will provide an investment return at the Maturity Date equal to 42% of the money you invest. If the Final Level of the Index is below its Reference Level, no investment return will be payable at the Maturity Date.
Measurement Dates & Reference Levels (% of Opening Level): 30 January 2023: 100%, 29 January 2024: 100%, 29 January 2025: 95%, 29 January 2026: 95%, 29 January 2027: 95%, 31 January 2028: 90% and 29 January 2029 (Final Measurement Date): 85%.
It is Meteor's understanding that any investment return from a direct investment by individuals or Trusts into this Plan is expected to be subject to Capital Gains Tax.
The Securities purchased will be Notes issued by Credit Agricole CIB Financial Solutions and guaranteed by Credit Agricole CIB. The Securities can be viewed in a similar way to a loan to the Issuer and are linked to the performance of Preference Shares issued by Broadwalk Investments Limited, which is in turn linked to the performance of the Index.
Please note that Meteor could charge up to 0.25% of your original investment if you change to paper-based communications.
All investments carry risk. It is identifying those risks, understanding how they may affect an investment and assessing whether an investment is suitable for your circumstances that is important.
The potential returns of most structured products and repaying the money invested are usually linked to the level of a stock market index and also depend on the financial stability of the issuer and counterparty bank. You should only consider investing if you understand and accept the risk of losing some or all of any money invested.
You should always read the relevant plan brochure and any other plan documentation, for full details of a plan’s features, including any risks, and the terms and conditions. In addition to the plan brochure and terms and conditions there are other important documents, including a Key Information Document (‘KID’), that you should consider, before deciding to invest in a plan.
Structured products should only be considered as part of a diversified and balanced portfolio.
Below is a summary of some of the main risks usually associated with an investment in structured products plans: