Meteor launches maiden product

The Prima Growth plan could run to a maximum of six years but will close after year one if both indices are above their starting levels at the end of 12 months. In this case it will pay 13pc. If running to year two it will pay 26pc provided the Nikkei and FTSE are above their strike levels. If not it will run to year three. The maximum payout will be 78pc if Prima Growth runs to year six. The plan provides 50pc capital protection, meaning if both indices fall below 50pc of their starting levels and close out at that position 1pc will be lost for every 1pc fall in the lowest index. ...