Meteor's FTSE 100 hybrid

Meteor is offering a six-year product linked to the FTSE 100 that delivers an income stream if the index remains above a certain level. Capital is at risk if a 50% barrier is breached, while an autocall feature means early kickout is a possibility

This is a six-year product linked to the FTSE 100 index that offers a potential income stream if the index is above 65% of its initial level on each annual observation date. The inclusion of an autocall feature means the plan will kick out if the index is equal to or higher than its initial level on those dates. Capital is not protected at maturity if the index breaches the barrier of 50% during the investment term and fails to recover to at least its initial level at maturity.

The product pays