Meteor has launched a six-year structured product that pays semi-annual coupons based on the performance of three major stock indexes – the FTSE 100, the Euro Stoxx 50 and the S&P 500.
1. Potential income of 6.8% per annum, paid semi-annually, if the closing level of all three indexes are at or above 75% of their initial levels at the end of every six months.
2. A so-called memory feature allows investors to recover missed payments if the level of all three indexes are at or above 75%