Global Indices Quarterly Contingent Income Plan March 2018: Option 1
Global Indices Quarterly Contingent Income Plan Option 1 is a maximum 8 year and 2 week investment that offers potential gross income of 1.30% per quarter.
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?
Applications for the Plan must be submitted via Best Price Financial Services and received by 5pm on 11 March 2018 for bank transfer applications.
The closing date for applications by cheque is 5 March 2018
The closing date for ISA transfer applications is 26 February 2018.
This will enable us to process your application and forward it on to the structured product provider.
1 Firstly, print off and complete our Appropriate Assessment Questionnaire. All applications require two proofs of identity - see the questionnaire for more information.
2 Next download, print and complete the application form available. Note that product applications will have multiple documents, so please choose the one relevant to you.
3 Place 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
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.
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: