Global Indices Super Stepdown Kick Out Plan June 2018
The Global Indices Super Step Down Kick Out Plan June 2018 is a maximum 7 year 2 week investment offering a potential gross investment return 8% per annum
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 10 June 2018 for bank transfer applications.
The closing date for applications by cheque is 4 June 2018
The closing date for ISA transfer applications is 28 May 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 Super Stepdown Kick Out Plan June 2018 is a maximum seven year two week investment offering a potential gross investment return of 8% per annum. The capital and investment return are linked to the performance of the FTSE 100 Index, the EURO STOXX 50 Index and the S&P 500 Index (each an Index, collectively the Indices).
If the Closing Levels of all three Indices on any Measurement Date before the Final Measurement Date 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 8% of the money invested for each year that the Plan has been 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%; year 6 at 75% and Year 7 at 65% (Final Level).
The first Measurement Date will be one year after the Start Date. If an early maturity is not triggered on a Measurement Date, the Plan will remain in force until at least the next Measurement Date. In the event an early maturity is triggered, the gross investment return payable will be: 8% at year 1; 16% at year 2; 24% at year 3; 32% at year 4; 40% at year 5 and 48% at year 6.
If, on a Measurement Date, before the Final Measurement Date, the closing level of one or both Indices are below their Reference Levels, no investment return will be made and the Plan will remain in force.
If the Final Levels of all three Indices are at least equal to 65% of their respective Opening Levels, the Plan will make an investment return at the Maturity Date equal to 56% of the money invested in the Plan. If the Final Level of one or more Indices is below 65% of its respective Opening 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.
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: