Meteor adds to Prima series

UK distributor Meteor Asset Management has launched the 15 th version of its Prima Kick-out Growth Plan, which is designed to provide exposure to the FTSE 100 index. The trade is issued by AAA-rated Rabobank.

The six-year and 14-day trade will yield a return of 11.25% after one year and redeem if the index level is at or above its starting level. If the FTSE is below the initial level the trade continues into year two. If the index level at the end of year two is at or above its initial level a return of 22.5% is paid and the product will kick out. The plan will stay open until on any anniversary date the closing index level is above its initial level. Capital is at risk is at maturity the FTSE has fallen 50% below its strike. Capital loss will be 1:1. The minimum investment is £10,000, while IFA commission is 3%.

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