New kick out plan: Potential 5.75% pa, increased opportunities to kick out and a lower conditional capital protection barrier…
Most kick out plans are measured every year so you get a handful of opportunities for early maturity. This new launch form Meteor has the benefit of the FTSE 100 being measured daily, providing multiple opportunities throughout the term for the plan to end early and pay a return.
The FTSE Daily Kick Out Plan Y2 50 offers a potential return of 5.75% pa, the return being equivalent to the number of days the plan has been active divided by 365 and multiplied by 5.75%. If the plan kicks out, you also receive a full return of your original investment.
Should the FTSE 100 be lower every day for the full 8 year term, no growth will be achieved, and your initial investment will be returned, unless the Index has fallen more than 50% below its level at the start of the plan. If it has, your initial capital is reduced by 1% for each 1% fall, so your capital is at risk. The low 50% capital at risk barrier is another attractive feature of this plan, giving more security compared to most other similar plans on the market.
Whether you’re new to kick out investments, or simply looking for a competitive headline return, this plan could offer an attractive balance of risk versus reward.
Potential Return: 5.75% per annum from year 2 onwards
Capital At Risk Product
Available for 2021/22 Stocks & Shares ISA, ISA Transfer and Direct Investments. Also available to businesses, charities, trusts and SIPP and SSAS pension schemes
Investment term: Maximum 8 Years
Arrangement fee applies
Minimum single investment: £5,000
Maximum ISA investment: £20,000
No maximum for ISA transfers and non-ISA investments
ISA Transfer Applications: 15 April 2021
Direct & 2021/22 ISA Applications: 29 April 2021
Reduced arrangement fee: For investments of £100,000 or more into this plan, processed through Fair Investment Company, your arrangement fee will be reduced to 2% of your original investment.
Important Information: This is a structured investment plan which 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 underlying investment. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.