Meteor releases second European property product

Meteor has launched a follow-up to its FTSE EPRA Europe index-linked structured product. Property ...

Meteor has launched a follow-up to its FTSE EPRA Europe index-linked structured product. Property Recovery Plan 2 will offer returns based on the European property index over its six-year term. It will offer a 10.5% return if the index finishes up after a year. If not it will roll on and offer 21% after two years, or 31.5% after three, 42% after four, 52.5% after five or 63% at year six. If the product has failed to kick out after year six years initial investment is returned provided the index is not 50% below its initial level at that point. Minimum investment is £7,200 for ISAs,...