meteor reveals latest products

Meteor has announced details of three new structured products, the latest version of each of its growth, defensive and kick-out plans.

meteor reveals latest products

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Its 3 Year Defensive Growth Plan is targeting a 21% return, which will pay out at the end of the term if the FTSE 100 and S&P 500 are both at or above their opening levels at maturity.

Investors will lose some or all of their money, however, if the final level of the lowest performing index is more than 40% lower than its opening level.

The FTSE 5 Quarterly Defensive Plan 4 is a five-year investment with the potential to kick-out at any measurement date from the ninth month onwards.

Returns of this plan are linked to the performance of five shares in the FTSE 100 index and a coupon of 4.25% will be paid each quarter if all five shares are at or above 855 of their opening levels.

If the final level of the lowest performing share is more than 50% lower than its opening level, investors will lose some or all of their money.

Finally, the FTSE 5 Quarterly Kick-Out Plan offers 6% for each quarter five FTSE 100 shares are at or above 95% of their opening levels.

Investors have the potential to kick-out at any quarterly measurement date and could lose some or all of their money if the final level of the lowest performing share is more than 50% lower than its opening level.

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