Meteor defensive autocall links to FTSE 100 and Euro Stoxx 50

Meteor Asset Management is offering the newly popular defensive autocallable to UK investors, linked to the FTSE 100 and the Euro Stoxx 50. The product's American barrier has been set at a relatively safe distance from the strike levels

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Meteor has launched a six-year worst-of kickout product linked to the performance of two indexes: the S&P 500 and the Euro Stoxx 50.

This type of product is known as a defensive autocall and offers a potential growth payment of 11.5% per annum. If it is called and terminates before the end of the six-year term, principal will be returned to investors. If it is not called and runs to maturity, the return of principal is dependent on the performance of the worst-performing underlying index. The

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