Meteor Asset Management has launched the latest version of its Kick-Out Plan range, with returns linked to the stock market performance of ten UK blue chips.
The £10,000 minimum investment Top Ten 8 Kick-Out Plan is linked to the top ten shares in the FTSE 100 as at 17 June. At that date, these were AstraZeneca, BG Group, BHP Billiton, BP, British American Tobacco, GlaxoSmithKline, HSBC, Rio Tinto, Royal Dutch Shell A, and Vodafone. The plan will mature and pay 16.5% at the first Annual Measurement Date (AMD) as long as the levels of 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 continues into year two where, if the criteria are...
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