Meteor Asset Management has launched a second tranche of its Top Ten Kick-Out plan.
The six year product offers returns base d on the top ten shares in the FTSE 100 as at 10 June.
These were HSBC, BP, Vodafone, Royal Dutch Shell - A, GlaxoSmithKline, Rio Tinto, BHP Billiton, BAT, BG Group and Astrazeneca.
On every annual anniversary, the plan will mature and pay a multiple of 19% so long as at least eight of the ten shares are equal to or greater than their opening levels.
Capital is at risk if the final levels of three or more shares have fallen by more than 50% from their opening level.
In this case, the value of the investment will be based on the share price of the third worst performing share over the investment term with capital being reduced by 1% for every 1% the third worst performing share finishes below its starting level.
BNP Paribas serves as counterparty
Meteor managing director Graham Devile says: "Increased market volatility since the election has provided us with the opportunity to construct a product with an improved headline rate.
"While there is talk of a further run on the FTSE 100 in the coming months we believe that investors will be attracted to the potential of this product."
The plan is open for investment until 5 August 2010, set at a minimum of £10,000. It is available as an ISA, SIPP or SSAS, with commission at 3%.
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