METEOR Asset Management is launching two new structured products: the fourth version of its Prima Growth Plan and the latest tranche of its commodities-based product, Galaxy Protected Commodities Plan 3.
Prima Growth Plan 4, which has a six-year term, is based on the FTSE 100 and Nikkei 225 indices and offers 17.5pc at the plan’s first anniversary, provided both indices are at or above their opening levels. In the event that one of the indices is below the initial level, the plan runs into year two, whereas if both indices are above their opening level on the second anniversary, it will pay 35pc. The plan will stay open until both indices are at or above their opening levels and would therefore pay 52.5pc in year three, 70pc in year four, 87.5pc in year five and 105pc at maturity. Ca...
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