|Closing Date:||February 19th, 2017||ISA Transfers:||February 3rd, 2017|
|Start Date:||February 21st, 2017||Maturity Date:||March 7th, 2023|
Potential Gross Return: 10% 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 the money if the Final Level of the Index 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 Index is below its Opening Level.
The closing date for applications by cheque is February 10th, 2017
The closing date for applications by ISA transfers is February 1st, 2017.
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 FTSE STOXX Defensive Kick Out Plan Feburary 2017 is a maximum six year two week investment offering a potential gross investment return of 10% per annum. The capital and investment return are linked to the performance of the FTSE 100 and EURO STOXX 50.
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 provide an investment return. If the Plan matures early on any Measurement Date, the gross investment return amount payable will be 10% of the money invested for each year that the Plan has been in force.
If, on a Measurement Date, before the Final Measurement Date, the closing evels of one or both Indices are below their Reference Levels, no investment return will be made and the Plan will remain in force.
The Reference Levels are as follows: year 1 at 100%; year 2 at 95%; year 3 at 95%; year 4 at 95%; year 5 at 95% and year 6 (Final Level) at 90%.
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: 10% at year 1; 20% at year 2; 30% at year 3; 40% at year 4; and 50% 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 Reference Levels, the Plan will provide an investment return at the Maturity Date equal to 60% of the money you invest. If the Final Levels of one or both Indices are below their 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.