The opportunity for up to 5.5% annual income and early maturity from year 2…
The Meteor FTSE Quarterly Contingent Income Plan Option 1 offers investors a 1.375% 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 5.5% 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 8 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 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 5.5% 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: 1.375% (equivalent to 5.5% annually) if the Index doesn’t fall by more than 15%
Alternative option also available returning a potential 5% pa if the FTSE 100 Index doesn’t fall by 20% or more
Capital at risk product
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 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: 30 April 2021
Direct & ISA Applications: 17 May 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.