Meteor proffers Prima Kick-out Growth Plan 14

UK distributor Meteor Asset Management has launched its Prima 14 Kick-out Growth plan which is designed to provide exposure to the FTSE 100 index. The trade is issued by the triple A-rated Rabobank, and is the second product this week that the Dutch bank has issued in the UK retail market.

The six year and 14-day non-principal protected trade offers a return of 13% at the first annual anniversary so long as the index level is at or above its initial level. If the index is below its initial level the plan runs into year two where if it is at or above its initial level on the second anniversary it will pay 26%. The plan stays open until the index is at or above the opening level at any anniversary and therefore would pay 39% in year three, 52% in year four, 65% in year five and 78%

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