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Key Dates |
| Download Brochure & Application Forms |
Closing Date: 15 June 2012 |
| Order literature by post |
ISA Transfer closing date: 08 June 2012 |
Summary
• The FTSE® Income Deposit Plan has a six year and two week term. • The Plan offers the option of either a gross quarterly payment of 1.4% or a gross annual payment of 7%, which are linked to the performance of the FTSE 100 Index (‘the Index’) and are not guaranteed. • An income payment will be made after the end of an Observation Period if the Index is greater than or equal to 4,500 and less than or equal to 7,000 at the close of each business day during that Observation Period. • If the level of the Index closes below 4,500 or above 7,000 on any business day during an Observation Period, no income payment will be paid for that particular period. • The return of your original investment is not dependent on the performance of the Index. Capital will be returned in full at maturity, subject to Counterparty Risk (see page 6 of the brochure). • You could lose some or all of your money in the event that The Royal Bank of Scotland plc (‘RBS’) fails to make the payments due from the Plan (see page 6 of the brochure). • Direct investments and cash ISAs invested in the Plan are placed on deposit with RBS and it is Meteors understanding that if RBS were unable to pay the amounts due to them you may have recourse to the Financial Services Compensation Scheme (‘FSCS’). • Any income payment made outside of an ISA will be subject to Income Tax (see page 10 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 & 3 of the plan brochure) • I am not likely to need access to my money during the investment term and understand that I will receive back less than my original investment if I do not hold the plan until maturity; (see page 11 of the plan brochure) • I want to receive a potentially higher rate of income compared to other Deposit based investments. • I am satisfied with the potential gross income of either 7% per annum or 1.4% per quarter and accept that if the FTSE 100 closes below 4,500 or above 7,000 on any business day during an Observation Period, no income payment will be paid for that period (see page 7 of the brochure) • I understand that although the Deposit will be provided by The Royal Bank of Scotland plc, 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 interest which otherwise would have been entitled; (see pages 6 & 12 of the brochure) • I understand that I may be entitled to compensation from the FSCS if Meteor is declared to be ‘in default’ or if RBS fails to meet its obligations in relation to the Plan (see pages 2 & 4 of the brochure) • I am prepared and can afford to accept the investment risks; (see pages 11 & 12 of the brochure)  |
