Meteor reels off two more kick-out products

Meteor has launched another two kick-out style products offering possible payouts on an annual basis....

Meteor has launched another two kick-out style products offering possible payouts on an annual basis. Prima 8 Kick-Out Growth Plan would pay out 12% after one year provided the FTSE 100 finishes at or above its opening level. If not the plan rolls on and would pay 24% if the index is up after two years, 36% after three, 48% after four, 60% after five or 72% after six. If after six years the index is still down capital is returned in full unless it has fallen below 50% of its initial level during the term and closed down, in which case capital is at risk. Meanwhile Prima Plus 3 Kick-O...