Meteor presents Société Générale with a kick-out

Meteor Asset Management has launched a new kick out plan with index triggers which fall as the product progresses. The Prima Plus 6 Kick Out Growth Plan, issued by Société Générale, lasts 10 years and is linked to the performance of the FTSE 100 and DJ Eurostoxx Indexes.

The product is a contrast to more common autocallable structures which feature a consistent trigger level. This means that the chances of a product automatically redeeming if it does not do so on its first anniversary can be minimal.

The plan matures on its first anniversary provided that the underlying indexes are at or above their initial recorded levels, paying a return of 9%. If the product does not mature, it continues into year two, accumulating an 18% return which investors will receive if