|Closing Date:||13 June 2018||ISA Transfers:||30 May 2018|
|Start Date:||15 June 2018||Maturity Date:||30 June 2025|
Potential Return: 8% per annum
Investment Type: Auto-Call/Kick-Out
Product Type: Capital at Risk
Investment Term: Maximum 7 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 more Indices is below 60% 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 worst performing Index is below its Opening Level.
The closing date for applications by cheque is 4 June 2018
The closing date for applications by ISA transfers is 28 May 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 0.5%* 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.
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.