Meteor launches new property and commodity products

Meteor has launched two new products to UK retail investors. One is a property index-linked plan, and the other is a commodity-linked product which offers two risk options. Both have a six-year maturity.

The Property Recovery Plan is linked to the FTSE Epra Europe Index. The product kicks out with 10.5% on its first anniversary provided that the index is at or above its opening level at strike. If it is not, the plan continues into year two with a coupon of 21% if the index is then above its starting level. Subsequent payouts if this condition is still not met are, 31.5% in year three, 42% in year four, 52.5% in year five and 63% in the final year. Should the index fall by more than 50%, then