Meteor FTSE Monthly Contingent Income Plan November 2017

The opportunity for up to 7.5% annual income

The Meteor FTSE Monthly Contingent Income Plan offers investors a 0.625% income payment each month, provided the value of the FTSE 100 Index at the end of the month has not fallen by more than 15% below its level at the start of the plan – that’s a potential 7.5% income each year. If the Index closes below this level, no income will be paid for that month.

The plan has a maximum term of 10 years, but also offers the opportunity to receive your initial capital back in full before then. This will happen if the FTSE has risen 5% or more at the end of each quarter (from the 18th month onwards), in which case you will receive your income payment for that month, along with a full return of your initial investment – this means your investment ends early. 

With income high up on the agenda for many investors, the ability to receive up to 7.5% per year, even if the FTSE falls by up to 15%, might be worth a closer look.
  

  • Potential monthly income: 0.625% (equivalent to 7.5% annually)
  • Potential to kick out (mature early) quarterly from the 18th month onwards
  • Capital at risk product*
  • Alternative Option 1 & 2 available offering a potential 0.4375% monthly income (5.25%pa) and 0.5% monthly income (6%pa) respectively**
  • Investment term: Maximum 10 Years
  • Arrangement fee applies
  • Minimum single investment: £5,000
  • Maximum ISA investment: £20,000
  • No maximum for ISA transfers and non-ISA investments
  • Available for Stocks & Shares ISA, ISA Transfer, Direct Investment as well as SIPP and SSAS pension investments. It is also available to businesses, charities and trusts.
  • Investment deadline for ISA transfers: The deadline for this plan has now passed. Please fill in the form to receive details of the next plan as soon as they become available
  • Investment deadline for direct and ISA investment by cheque: The deadline for this plan has now passed. Please fill in the form to receive details of the next plan as soon as they become available
  • Investment deadline for direct and ISA investment by bank transfer: The deadline for this plan has now passed. Please fill in the form to receive details of the next plan as soon as they become available

* The return of your capital depends on the performance of the FTSE 100 Index and the ability of the counterparty (Natixis) to repay the monies.

** Alternative options are also available paying slightly lower rates of 0.4375% per month provided the FTSE 100 Index does not fall by more than 35% and 0.5% per month provided the FTSE 100 Index does not fall by more than 25% . Please see factsheet & brochure for details. 

Reduced arrangement fee
For investments of £100,000 or more into this plan, processed through Fair Investment Company Limited, your arrangement fee will be reduced to 2% of your total investment.

"Oliver Roylance-Smith, DirectorWith the current record low interest rate environment, income is high up on the agenda for many investors and so the ability to receive 7.5% per year even if the FTSE falls by up to 15%, is certainly worth a closer look."

Oliver Roylance-Smith,
Head of Savings and Investments



Important Information
Please note that it is now too late to apply for this product, but a new version will be available shortly. Please fill in the form below and details of the Meteor FTSE Monthly Contingent Income Plan December 2017 will be sent to you as soon as they become available.
Request a brochure by email and post:
Meteor FTSE Monthly Contingent Income Plan December 2017
 
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This is a structured investment plan that is not capital protected and is not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the FTSE 100 Index.

There is a risk that the company backing the plan or any company associated with the plan may be unable to repay your initial investment and any returns stated. In addition, you may not get back the full amount of your initial investment if the plan is not held for the full term. The past performance of the FTSE 100 Index is not a guide to its future performance.

If you are at all unsure of the suitability of these types of investment, both in respect of their objectives and their risk profile, you should seek independent financial advice.

Fair Investment Company Limited is Authorised and Regulated by the Financial Conduct Authority.