Meteor launches Select 10 plan

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Meteor Asset Management has launched its Select 10 plan, the returns of which are linked to ten of the top fifteen shares in the FTSE 100.

The six-year structured product is linked to HSBC, BP, Vodafone, Royal Dutch Shell - A, GlaxoSmithKline, Rio Tinto, BHP Billiton, British American Tobacco, BG Group and Astrazeneca. It will mature and pay 19% at the first annual observation date if at least eight of the ten shares are equal to or greater than their opening levels. In the event that maturity is not triggered in the first year, the plan will continue into year two where if the above criterion is matched on the second observation date it will pay 38%. Returns increase by 19% for each year the plan runs providing the abov...

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