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Key Dates |
| Download Brochure & Application Forms |
Closing Date: 8 June 2012 |
| Order literature by post |
ISA Transfer closing date: 30 May 2012 |
Summary
• The FTSE® 5 Quarterly Defensive Plan is a maximum five year and two week investment. • The returns from the Plan are linked to the share performance of five leading companies within their respective sectors. These are BP (Energy), GlaxoSmithKline (Pharmaceuticals), HSBC Holdings (Financial), Marks and Spencer (Retail) and Rio Tinto (Mining). These companies are all in the FTSE 100 Index. • If, on any Measurement Date, the closing share prices of all five shares are at least 85% of their respective Opening Levels, the Plan will kick-out, i.e. mature early and make a growth payment of 4.5% (gross) of the money you invest for each quarterly period that the Plan has been in force. • The first Measurement Date will be on 15th March 2013, nine months after the Start Date. Thereafter, the performance of the five shares will be measured quarterly (i.e. every three months). • You will lose some, or all, of your money if on 15th June 2017 the Final Level of the lowest performing share is more than 50% lower than its Opening Level. The amount you would lose will equal the percentage fall in the share price of the lowest performing share. • You could also lose some or all of your money and any growth payment that may become due in the event that the Counterparty, The Royal Bank of Scotland plc (‘RBS’), which issues the underlying Securities for the Plan, fails to make the payments due under the Securities. • It is Meteors understanding that any growth payment from the Plan will be subject to Capital Gains Tax (see page 12 of the brochure). Considerations for Investing If the following statements apply then an investment in the plan may be appropriate: • I am willing to invest for a set period of time, known as the investment term; (see pages 2, 15 & 17 of the plan brochure) • I am not likely to need access to my money during the investment term; (see page 13 of the plan brochure) • Although the Plan might mature early I understand this is a five year investment and I understand that I will receive back less than my original investment if I do not hold the Plan until kick-out or maturity (see pages 2, 3, 6, 13 and 15 of the brochure) • I want the potential to benefit from the performance of the shares but do not want to invest directly in the shares; (see page 3 of the brochure) • I know that the value of the shares can fall as well as rise; (see pages 8 & 9 of the brochure) • I understand that although the Securities will be provided by RBS, a major financial institution with a current credit rating from Standard & Poor’s or equivalent of ‘A’, there is a chance that they may default on the payments due and this means that I may lose some, or all, of my investment plus any growth payment which I otherwise would have been entitled; (see pages 4, 5 and 14 of the brochure) • I am satisfied with a potential return of 4.5% per quarter and accept the fact that if the share prices were to rise more than this I would not benefit from any growth above that provided by the Plan (see page 3 & 13 of the brochure) • I am prepared and can afford to accept the investment risks; (see pages 3-8, 13 & 14 of the brochure)  |
