Key Features

Start Date 10/08/2018
Term A maximum seven year three week investment.
Counterparty Morgan Stanley (Fitch: A+ | Moody's: A1 | S&P: A- as at 25/03/2024)
Linked Assets FTSE 100 Index and S&P 500 Index (each an 'Index', collectively the 'Indices')
Capital At Risk Barrier 60% of Opening Level at the Final Measurement Date
Deadlines
ISA Transfers: 25/07/2018
Applications with cheques: 02/08/2018
Applications with bank transfers: 08/08/2018
Tax Treatment Capital Gains Tax
Summary Risk Indicator 4

If the Closing Levels of both Indices on any Measurement Date before the Final Measurement Date are at least equal to their respective Reference Levels, the Plan will kick out, i.e. mature early, and make a gross investment return of 7% of the money you invest for each year that the Plan has been in force. The first Measurement Date was on 12 August 2019, one year after the Start Date. If the Plan has not matured early, and the Closing Levels of both Indices on the Final Measurement Date (the ‘Final Levels’) are at least equal to their respective Reference Levels, the Plan will provide an investment return at the Maturity Date equal to 49% of the money you invest. If the Final Level of one or both Indices is below its Reference Level, no investment return will be payable at the Maturity Date.

Measurement Dates & Reference Levels (% of Opening Level): 12 August 2019: 105%, 10 August 2020: 100%, 10 August 2021: 95%, 10 August 2022: 90%, 10 August 2023: 85%, 12 August 2024: 80% & 11 August 2025: (Final Measurement Date): 65%.

You will lose money if the Final Level of the lower performing Index is below 60% of its Opening Level. The amount of your money that you would lose will be the percentage by which the Final Level of that Index is below its Opening Level. In extreme circumstances you could lose all of your money. If the Final Level of the lower performing Index is at least equal to 60% of its Opening Level you will get back the amount you invested.


Please see marketing literature or contact us for more information.


A typical investor who invests in this Plan will:


  • Be an Advanced Investor, with appropriate knowledge and experience of equity-based investments;
  • Understand how equity-based investments work, and may already hold such investments;
  • Like investments that provide known returns based on pre-determined market outcomes;
  • Want the potential to secure an investment return above that available from a deposit-based investment and acknowledge and accept the level of risk, identified by the Summary Risk Indicator set out in the Key Information Document (KID);
  • Be willing and able to tie up their money for the term of the Plan for the objective of capital growth;
  • Accept that they would lose money and be able to afford to do so, if the Closing Level of the lower performing Index on 11 August 2025 is less than 60% of its Opening Level;
  • Understand that in the event of a loss that this loss would be at least 40% of the money they put into the Plan, and could be considerably more, and in extreme circumstances they could lose all of their money;
  • Understand that any investment return is dependent on the performance of the Indices, which is calculated on set dates, and accept they might not get any investment return at all;
  • Know that the levels of the Indices can fall but do not expect the fall to be more than 40% of their respective Opening Levels at the Final Measurement Date;
  • Appreciate the importance of having a spread of investments to reduce concentration risk;
  • Know and accept that inflation reduces the real value of money and what it can buy;
  • Understand that equity markets are affected by economic and political events nationally and globally;
  • Accept that if the Counterparty defaults they could lose all their money and any investment return and that they would not have any recourse to the FSCS.


An investor will not meet the target market criteria if:


  • They do not understand how this investment works;
  • They are unable, or unwilling, to accept the risks associated with this Plan, including the loss of their money;
  • The Plan does not meet the individual’s investment objectives.
FTSE 100 Index 7667.01
S&P 500 Index 2833.28

Where available, the Performance Chart is constructed out of indicative BID prices and should not be used as an accurate representation of the current or past value of any investment. Indicative prices are communicated to us directly by the relevant issuing bank and we (Meteor Asset Management Ltd.) are not the calculation agent. We are, therefore, not responsible for the timing or accuracy of any indicative prices shown and produce these charts for purely indicative purposes only. Any prices shown are representative of close-of-business as of the date indicated and are not updated or correct in real-time. Indicative prices are not immediately available to us after an investment has just begun. If no prices are present, check back at a later date or contact us for more information. Past performance is not a reliable indicator of future performance and should not be used to assess the future returns or risks associated with any investment.