The opportunity for up to 8.12% annual income and early maturity from year 2…
The Meteor FTSE Quarterly Contingent Income Plan offers investors a 2.03% 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 8.12% 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 8.12% 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.
Potential quarterly income: 2.03% (equivalent to 8.12% annually) if the FTSE 100 Index doesn’t fall by more than 15%
Potential to mature early quarterly from year 2 onwards if the FTSE 100 Index rises by any amount
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
ISA Transfer Applications: 29 December 2023
Direct & ISA Applications: 15 January 2024
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.