Meteor plan based on FTSE 100 and S&P 500

Meteor has launched its latest product that offers investors a potential 10% per anum return.


The plan has a six-year and two-week term and offers investors a potential return of 10% for each completed year. The trigger is for each index is at or above its opening levels on any annual measurement date, the first of which is 8 October, 2012.

The opening levels for the plan will be the close of business 7 October, 2011, with its maturity date on 23 October 2017.

There is no guarantee that the capital will be returned in full at maturity unless the close of business levels of each index are never more than 50% below their respective opening levels during the plan’s term.

The counterparty is Rabobank.

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