|Closing Date:||March 14th, 2018||ISA Transfers:||February 28th, 2018|
|Start Date:||March 16th, 2018||Maturity Date:||March 30th, 2026|
Potential Gross Return: 1.3% per quarter
Investment Type: Income
Product Type: Capital at Risk
Investment Term: Maximum 8 years
Minimum Investment: £5,000
Underlying Asset: FTSE 100 Index, EURO STOXX 50 and S&P 500 Index
Capital Protection: This is a capital-at-risk Plan and the investor may lose some or all of their money if the Final Level of one or both Indices is below 50% 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 lower performing Index is below its Opening Level.
The closing date for applications by cheque is March 6th, 2018
The closing date for applications by ISA transfers is February 26th, 2018.
This will enable us to process your application and forward it on to the structured product provider.
2Next, click Download Plan on the left and download, print and complete the application form available. Note that Investec applications will have multiple documents, so please choose the one relevant to you.
3Place all completed documents - questionnaire, proofs of identity, application form and cheques for payment - in an envelope and post to:
Best Price Financial Services,
The Tythe Barn, 5 Eglwys Nunnydd,
Margam, Neath Port Talbot
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 Global Indices Quarterly Contingent Income Plan March 2018: Option 1 is a maximum 8 year and 2 week investment that offers potential gross income of 1.3% per quarter.
The return of capital and payment of any income are linked to the performance of the FTSE 100 Index, EURO STOXX and the S&P 500 Index (each an Index, collectively the Indices).
If the Closing Level of the lower performing Index on any Quarterly Measurement Date is at least equal to 50% of its Opening Level, the Plan will pay a gross income of 1.3% for that quarter. No income will be payable for a quarter if the Closing Level of the lower performing Index is below 50% of its Opening Level on the Quarterly Measurement Date.
The first Quarterly Measurement Date will be 3 months after the Start Date. Thereafter, the performance of the Index will be measured quarterly.
If the kick-out condition is met (see below), income will be paid in respect of that quarter and the Plan will mature early. No further income payments will then be payable.
From year 2, the Plan will kick-out, i.e. mature early, if the Closing Level of the lower performing Index is at least 5% above its Opening Level on any Quarterly Measurement Date. In this event the investor would receive a full return of the money invested as well as the income due for that quarter. The first Quarterly Measurement Date on which an early maturity could be triggered will be two years after the Start 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.