The Step-Down Defensive Kick-Out Plan is a six-year-and-two-week investment with returns linked to both the FTSE 100 and the S&P 500 indices, offering investors the potential for 8.5% per annum growth.
Its start date is 13 July and closes for investment later today (11 July).
The plan will mature early if both indices are at or above their opening levels on the first annual measurement date, the first of which is 15 July 2012.
The counterparty is Morgan Stanley.
Meteor AM’s FTSE Income Deposit Plan – August 2012 is another with an investment term of six years and two weeks with income payments linked to just the FTSE 100.
Potential income payments are 1.25% quarterly or 6.75% per annum gross, and will be made if the index is greater than or equal to 4,500 and less than 7,000 at the close of business each working day during that period.
The first observation date is 16 November 2012, with the opening level being set on the start date of 17 August.
The third new launch is its FTSE 5 Quarterly Defensive Plan 7 – Enhanced which is a five-year-and-two-week plan dependent again on the performance of five companies: BP, GlaxoSmithKline, HSBC, Tesco and Rio Tinto.
The potential coupon is 5% per quarter if all five shares are at or above 85% of their opening levels on any measurement date. The first of these is 3 May next year with the start date being 3 August 2012.
Royal Bank of Scotland is the counterparty for this and the FTSE Income Deposit Plan – August 2012.
