Meteor Asset Management has launched a second tranche of its Top Ten Kick-Out plan.
The six year product offers returns base d on the top ten shares in the FTSE 100 as at 10 June. These were HSBC, BP, Vodafone, Royal Dutch Shell - A, GlaxoSmithKline, Rio Tinto, BHP Billiton, BAT, BG Group and Astrazeneca. On every annual anniversary, the plan will mature and pay a multiple of 19% so long as at least eight of the ten shares are equal to or greater than their opening levels. Capital is at risk if the final levels of three or more shares have fallen by more than 50% from their opening level. In this case, the value of the investment will be based on the share pric...
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