meteor unveils two new plans

Meteor Asset Management has announced the launch of two new structured products, the Prima Platinum Plan 15 and the FTSE Income Deposit Plan 6, targeting returns of 10% and 7.25% per year respectively.

meteor unveils two new plans

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The Prima Platinum Plan 15 is a six year product with returns linked to the performance of the FTSE 100 and S&P 500 indices.

If on any annual measurement date the closing levels of both indices are at or above their opening levels, the plan will mature early and make a growth payment of 10% for each year the plan has been in force, plus a full return of capital.

The potential investment returns are 10% at the end of year one, 20% at the end of year two, 30% at the end of year three and so on.

But if no growth payment has been triggered on any of the annual measurement dates, the capital at maturity will be based on the performance of the indices and is not guaranteed to be returned in full.

The FTSE Income Deposit Plan 6 is based on the performance of the FTSE 100 and income will be paid if the index closes within the range of 4,250 and 7,000 at the end of each business day during an observation period.

If the Index closes outside of this range on any business day during an Observation Period no income payment will be paid for that particular period.

Investors can chose between a quarterly or annual income option and capital will be returned in full at maturity subject to counterparty risk.

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