The Ftse Income Deposit Plan September 2012 offers a potential gross income of 6% per annum if the Ftse 100 closes within the range 4,750 to 7,000 at the close of each business day during an observation period.
If, however, the Ftse closes outside this range on any business day no income will be paid for that particular period.
The Dual Index Income Deposit Plan offers potential gross income of8.4% per annum or 1.25% per quarter and also runs over a six-year term.
The income will be paid if the FTSE 100 closes within the same range as above and the S&P 500 closes within the range 1,125 to 1,700 each business day of the observation period, otherwise no income will be paid for that particular period.
Both plans have full capital protection regardless of the movement of the indices but are subject to counterparty risk, with RBS as the counterparty. The minimum investment in each is £10,000.
Graham Devile, managing director at Meteor, said: “The continuing popularity of our income plan series was demonstrated when we had to close early, due to oversubscription, the last iterations of both our Ftse only and Dual Index Income Deposit Plans.”
