Meteor FTSE Quarterly Conditional Income Plan

Meteor FTSE Quarterly Conditional Income Plan


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The opportunity for up to 8.4% annual income and early maturity from year 2…

If you’re looking for high income opportunities and are confident the UK markets will not fall by 15% or more, this plan is certainly worth reviewing
Oliver Roylance-Smith

Oliver Roylance-Smith

Head of Savings and Investments

The Meteor FTSE Quarterly Contingent Income Plan offers investors a 2.1% income payment each quarter, provided the value of the FTSE 100 Index at the end of the quarter has not fallen by more than 15% below its level at the start of the plan – that’s a potential 8.4% income each year. If the Index closes below this level, no income will be paid for that quarter.

The plan has a maximum term of 9 years, but also offers the opportunity to receive your initial capital back in full before then. This will happen if the FTSE is at or above its opening level at the end of each quarter (from year 2 onwards), in which case you will receive your income payment for that quarter, 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, achieving up to 8.4% per year, even if the FTSE falls by up to 15%, might be worth a closer look.

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.

Plan Details

Potential quarterly income: 2.1% (equivalent to 8.4% annually) if the Index doesn’t fall by more than 15%

Potential to mature early annually from year 2 onwards if the FTSE 100 Index rises by any amount

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 9 Years

Arrangement fee applies

Minimum single investment: £5,000 

Maximum ISA investment: £20,000

No maximum for ISA transfers and non-ISA investments

Deadlines

ISA Transfer Applications: 13 June 2022
Direct & ISA Applications: 27 June 2022

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.

Meteor FTSE Quarterly Conditional Income Plan June 2022

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