Daily kick out plan: Potential 8.55% pa, with multiple opportunities to kick out…
Most kick out plans are measured every year so you only get a handful of opportunities for the plan to pay out a return. This growth plan from 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 100 Kick Out Plan offers a potential return of 8.55% pa, the return being equivalent to the number of days the plan has been active divided by 365 and multiplied by 8.55%. 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 7 year term, no growth will be achieved, and your initial investment will be returned, unless the Index has fallen more than 35% 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.
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.
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.
Potential Return: Equivalent to 8.55% for each year invested (not compounded), if the FTSE rises by any amount
Potential to mature early (kick out) each business day from year 2 onwards
Capital At Risk Product – 65% barrier
Available for Stocks & Shares ISA, ISA Transfer and Direct Investments. Also available to businesses, charities, trusts and SIPP and SSAS pension schemes
Investment term: Maximum 7 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: 30 November 2023
Direct & ISA Applications: 14 December 2023
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.