|Closing Date:||April 11th, 2018||ISA Transfers:||March 26th, 2018|
|Start Date:||April 13th, 2018||Maturity Date:||May 7th, 2024|
Potential Return: 7.5% 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 and EURO STOXX 50
Capital Protection: This is a capital-at-risk product and the investor may lose some, or all, of their, money if the Final Level of one or both Indices is below 60% of its Opening Level. In this case, the reduction in the money invested in the product at the Maturity Date will equal the same percentage that the Final Level of the lower performing Index is below its Opening Level.
1 Call 01639 860 111 for a free initial consultation over the telephone
Following the free initial 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
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.
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. All advised investments carry a minimum charge of £300.
The FTSE STOXX Super Step Down Kick Out Plan April 2018 is a maximum six year two week investment offering a potential gross investment return of 7.5% per annum. The capital and investment return are linked to the performance of the FTSE 100 Index and the EURO STOXX 50 Index (each an Index, collectively the Indices).
If, on any Measurement Date before the Final Measurement Date, the Closing Levels of both Indices are at least equal to their respective Reference Levels, the Plan will kick out, i.e. mature early, and make a gross investment return of 7.5% of the money you invest for each year that the Plan has been in force. The first Measurement Date will be one year after the Start Date.
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 65%.
If the Plan matures early on a Measurement Date, the investment return payable will be: 15% at year 2; 22.5% at year 3; 30% at year 4; and 37.5% at year 5.
If the Plan has not matured early and the Closing Levels of both Indices on the Final Measurement Date (the ‘Final Levels’) are at least equal to their respective Reference Levels, the Plan will provide an investment return at the Maturity Date equal to 45% of the money you invest. If the Final Levels of one or both Indices are below their respective Reference Levels, 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.