THIS PLAN HAS NOW CLOSED
 

Meteor Prima Growth Plan 10

2.50% Discount

Applications must be posted to Moneyworld and arrive at least three days before the official closing date to guarantee delivery to the Investment Company before close of business.

 

Download Brochure

Key Dates

General Application Form

Plan Closes: 21 November 2008

ISA transfers application form

Last Transfers: 14 November 2008

Application form for pension schemes  
Trusts, Companies and Partnership application forms  
FSA 'Capital at Risk Product' Brochure Order literature by post

Plan Summary

• Investment returns linked to the performance of the FTSE 100™  
• No Index growth required to achieve quoted returns
• Annual Option - Early maturity will be triggered as long as the level of the Index is at or above its Opening Level at any anniversary date
• Invested with BNP Paribas, which has a Standard & Poor's credit rating of AA+ (with stable outlook)
• 100% capital return provided the Index doesn't fall by more than 50% (or more) over the term of the investment.
 

Key Facts

Investment Term: 6 years and 14 days, with the potential for early maturity. Maturity will be triggered if the level of the index is at or above its Opening Level on any Measurment Date.
Availability:   As direct investments, stocks and shares ISAs, ISA transfers (including former PEPs), and for pension funds, trustees and companies.
Indices FTSE 100™
Investment Return 11.25% per annum (simple) for each year the Plan is in force, so the returns at each possible maturity date would be 11.25% (end of year 1)  22.5% (end of year 2), 33.75% (end of year 3); 45% (end of year 4); 56.25% (end of year 5) or, if the plan runs a full 6 year term, and the Index Levels are at or above their Opening Level, 67.50%.

If the Index Level is below its Opening Level no investment return will be payable.
Capital Return  Capital will be returned in full unless, at any time during the investment term, the close of business level of the Index is 50% (or more) below its Opening Level. If this happens capital will still be returned in full as long as the Final Level of the Index is at least equal to the Opening Level.

If not, capital will be reduced by 1% for each 1% the Final Level is below the Opening Level. Please see the brochure for a full explanation of the calculation, plus examples.
Counterparty Risk The securities will be issued by BNP Paribas, a major financial institution with a rating of ‘AA+‘ (with stable outlook) by Standard and Poor’s. If the financial institution were to fail to meet the repayments due to you, you could lose some or all of your investment. Counterparty risk is common to  all similar investments
Tax Under current tax legislation gains on assets held in an ISA will be free from any tax, while gains on direct investments will be subject to Capital Gains Tax.
Interest Interest will be credited at 3.5% on subscriptions received and held in our client account up to the investment date.
Charges There are no initial or ongoing charges. Charges are included in the pricing of the investment.

Early encashments and transfers during the investment term will be subject to an administration charge.
Securities Securities will be structured to provide the returns shown in the plan brochure, and purchased for each investor. These may be notes, warrants, shares or deposits depending on the nature of the investment.

Best discount on ISAs, Unit Trusts and OEICs