Meteor has launched a six-year worst-of kickout product linked to the performance of two indexes: the S&P 500 and the Euro Stoxx 50. This type of product is known as a defensive autocall and offers a potential growth payment of 11.5% per annum. If it is called and terminates before the end of the six-year term, principal will be returned to investors. If it is not called and runs to maturity, the return of principal is dependent on the performance of the worst-performing underlying index.
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