New Plan: Get 5.5% interest each year, quarterly payments even in a falling market…
The defensive feature of this new income plan means that even if the FTSE 100 Index and the EURO STOXX 50 Index (made up of the 50 leading blue-chip companies in the Eurozone) have fallen up to 15% at the end of each quarter, you still receive an interest payment.
The Meteor FTSE/STOXX Quarterly Conditional Income Plan offers a quarterly interest payment of 1.375%, provided both Indices have not fallen by more than 15% below their value at the start of the plan – that’s a potential 5.5% per year, even in a falling market. If one or both Indices close below this level, no interest is paid for that quarter.
The plan has a maximum term of 6 years, but also offers the opportunity to receive your initial capital back in full before then, if at the end of each quarter (from year 2 onwards), if both Indices have risen by 5% or more from their levels at the start of the plan. If it does not end early, your initial capital is returned in full provided that one or both Indices have not fallen by more than 35% at the end of the plan term. In this situation, your initial investment will be reduced by 1% for each 1% fall of the worst performing Index, so your capital at risk.
By combining some capital protection with a competitive rate of interest even if the Indices fall, this plan offers a compelling balance of risk versus reward.
Potential quarterly income: 1.375% (equivalent to 5.5% annually) if the Indices don’t fall by more than 15%
Potential to mature early quarterly from year 2 onwards if the Indices rise by 5% or more
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 6 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: 8 September 2021
Direct & ISA Applications: 22 September 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.