Meteor banks on property market recovery

- Sophia Morrell
- 10 Jul 2008

The Property Recovery Plan 2 will mature after one year provided that the index is at or above its starting level, paying a 10.5% coupon. If it is below its starting level, the product continues into year two, offering a 21% coupon if it matures on its second anniversary under the same conditions. Subsequent payouts if conditions are still not met are: 31.5% in year three, 42% in year four, 52.5%

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