Friday January 07, 2011 at 12:00
Prima Plus Plan 7 has a maximum term of six years and is linked to a basket comprising the FTSE100 and the Eurostoxx50.
The product will mature early paying 10% pa (simple rate), in any year where the indices perform positively. The product features a 50% soft protection barrier.
By combining these two indices, investors have the opportunity to benefit from a stabilisation of the markets and the potential for attractive returns over the medium to long term, said Graham Devile, Meteor Asset Management's MD.
Meteor is also marketing Prima Platinum Plan 9, another (maximum) six-year knock-out plan, but linked to the FTSE 100 and S&P500. If the product is successful it pays 11% pa (simple rate).
This product also features a 50% soft protection barrier.
Prima Plus Plan 7 invests in securities issued by Rabobank which is rated AAA by S&P; while the capital guarantee of the Prima Platinum Plan 9 is RBS which has an A+ rating by S&P.
Both products will be available for subscription until 9th
February. Minimum investment is £10,000.
These products are available in Recent Additions (UK).