meteor launches super smart ftse

A duo of structured product launches from Meteor will offer bullish investors the potential to achieve three times the rise in the FTSE 100, or to take a geared position on positive returns from the index.

meteor launches super smart ftse

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The Meteor FTSE Super Tracker Plan September 2013 has a six-year, two week term and will treble any rise in the FTSE 100 index at maturity subject to a cap of 90% (3 x 30%).

If the final level of the index is equal to or below its opening level the product will provide no investment returns. The capital is protected if the index does not go below 60% of its opening level.

Meanwhile, the Meteor Smart FTSE September 2013 has a five year, six months and two week investment period.

If the final level of the index is above the opening level the product will give investors double the rise in the index, which is subject to a cap.

However, if the final level is equal to the opening level there will be no investment return and if the final level is below the opening level there will capital will be reduced by half of the fall in the index.

The cap on returns will be set each month based on the prevailing market conditions. It will not be lower than 40% or higher than 80%.

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