Meteor prepares commodity tracking structured product

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Meteor has launched a structured product to be based on a basket of commodities including copper, whe...

Meteor has launched a structured product to be based on a basket of commodities including copper, wheat and crude oil. The six-year and 14 day Galaxy 6 Commodities Plan will offer two capital protection levels. Either full capital protection and 140% participation or 200% participation with no protection can be selected, or a blend of the two. The product will weight equally to eight commodities - Brent Crude, Copper, Corn, Gas Oil, Kansas Wheat, Soybeans, Wheat and WTI Crude. Minimum investment will be £10,000 for direct investment and pension funds, £7,200 for ISAs or £7,000 for IS...

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