Meteor FTSE Daily 95 Kick Out Plan – November 2024 – BN9166

Key info

  • Counterparty
    BNP Paribas
  • Taxation
    Capital Gains
  • Maximum Term
    6 years
  • Minimum investment
    £5,000
  • Potential Return
    7.05% p.a.
  • Moneyworld Fee
    0.5%

Overview

The Meteor FTSE® Daily 90 Kick Out Plan is a maximum 6 year 3 week investment that offers potential gross investment returns subject to the performance of the FTSE 100 index.

The plan starts on the Start Date and is measured on each business day from the end of year 3. On a Measurement Date, if the level of the Index is at or  above 95% of its Start Level, the plan will end and pay Growth. This is called a Kick Out and the barrier level is called the Kick Out Barrier.

If a Kick Out happens, the amount of Growth payable will depend on how long the plan has run in years. This is calculated by:

1. …counting the number of days elapsed since the Start Date,

2. …dividing by 365,

3. …then multiplying by 7.05% of the money invested.

Customers will get all their invested money back on a Kick Out; or, at the End Date if the End Level of the Index is at or above 65% of its Start Level.  This barrier level is called the Loss Barrier.

If the End Level of the Index is below 65% of its Start Level, customers will lose money proportional to the fall in the Index.

The Securities purchased will be Certificates issued by BNP Paribas Issuance B.V. and guaranteed by BNP Paribas. The Securities can be viewed in a similar way to a loan to the Issuer and are linked to the performance of Preference Shares issued by BNP Paribas Synergy Limited, which is in turn linked to the performance of the Index.

Important dates

  • Closing date
    21 November 2024
  • ISA Transfer Closing date
    7 November 2024

More information

This product is a certificate, a transferable debt instrument.

BNP Paribas S.A. – www.bnpparibas.com Call +33 (0)1 57 08 22 00 for more information

This certificate provides a return which depends on the performance over the lifetime  of the certificate of an underlying redeemable preference share issued by BNP Paribas Synergy Limited the value of which is in turn linked to the performance of an  underlying share and/or index or basket of shares and/or indices. The description  below is therefore based on the expected value of such preference share however the  real return will depend on the actual value of the preference share.

The objective of this product is to provide you with a return based on the performance  of an underlying index. This product has a fixed term and will redeem on the  Redemption Date unless redeemed early in accordance with the Automatic Early  Redemption provisions below.

Unless the product has been redeemed early, the following provisions would apply.

On the Redemption Date you will receive in respect of each certificate:

1. If the Final Reference Price is greater than or equal to 95% of the Initial Reference  Price: a payment in cash equal to the Notional Amount plus the relevant Exit Rate.

2. If the Final Reference Price is less than 95% of the Initial Reference Price:

a. If a Barrier Event has not occurred: a payment in cash equal to the Notional Amount.

b. If a Barrier Event has occurred: a payment in cash equal to the Notional Amount decreased by the Performance of the Underlying. In this case you will suffer a partial  or total loss of the Notional Amount.

Automatic Early Redemption: If, on any Autocall Valuation Date, the closing price of  the Underlying is greater than or equal to the relevant Autocall Barrier, the product will  be redeemed on the corresponding Early Redemption Date. You will receive for each certificate a payment in cash equal to the Notional Amount plus a premium based on  the relevant Exit Rate.

Where:

– A Barrier Event shall be deemed to occur if the Final Reference Price is below the  Barrier.

– The Performance of an Underlying is the difference between its Final Reference Price  and its Initial Reference Price, divided by its Initial Reference Price, expressed in  absolute value.

– The Initial Reference Price is the closing price of the Underlying on the Strike Date.

– The Final Reference Price is the closing price of the Underlying on the Redemption  Valuation Date.

The product terms provide that if certain exceptional events occur (1) adjustments may be made to the product and/or (2) the Issuer of the product may terminate the product  early. These events are specified in the product terms and principally relate to the  Underlying(s), the product and the Issuer of the product. The return (if any) you receive on such early termination is likely to be different from the scenarios described above  and may be less than the amount you invested.

All redemptions described in this document (including potential gains) are calculated  on the basis of the Notional Amount, excluding costs, social contributions and taxation applicable to this type of investment.

The product is aimed at investors who:

– have a long term investment horizon (over five years).

– seek to invest in a capital growth product, potentially to diversify their portfolio.

– are able to bear losses up to the total of the Notional Amount and are aware of the  possible early termination of the product.

– have been informed or have sufficient knowledge of the financial markets, their functioning and their risks, and the asset class of the underlying.

How do i invest?

1

Print and complete our Appropriateness Assessment Form

Please read about ID Verification & Payment Details

2

Print and complete the application form

3

Send your documents to admin@moneyworld.com or post to: Moneyworld, 34 High Street, High Wycombe, Bucks, HP11 2AG

What are the risks?

This is a list of the general risks associated with investing in structured investment products, please read the plan brochure and key information document for your chosen product to fully understand the risks.

Market Risk:  In the event of a global economic recession this may result in financial markets weakening significantly. Political or climatic events can also cause disruption to the markets. Economic policies, tax rates or interest rates are subject to change and can influence the performance of the  Underlying Asset.

Early Redemption Risk:  The actual risk can vary significantly. If you cash in at an early stage you may get less Initial Capital back. You may not be able to sell your Plan easily or have to sell at a price that will impact how much return you get back.

Inflation Risk:  The value of your investment and any returns you may qualify for are not linked to inflation. If inflation is high over the term of the  Plan, the real value of the Plan may decrease thus affecting the real value of any returns you may receive.

Counterparty Risk:  By investing in this Plan you take a possible credit risk with the Counterparty. The Counterparty will be responsible for the payment of any return of capital and income payments due from the Investment. In the event of bankruptcy or payment default by the Counterparty you may be exposed to partial or total loss of capital and you would not be entitled to compensation from the Financial Services Compensation Scheme (FSCS).

Liquidity Risk:  The Issuer of the Securities aims to provide but cannot guarantee a secondary market for the Securities during the investment term.  However, certain market circumstances may have a negative impact on the liquidity of the Securities and result in the partial or total loss of your  initial capital invested.

Structured investment products FAQs

Structured Products are designed to be held to the end of the fixed term, it is possible to cash in the plan early however you could get back less than you originally invested.

Your application should be sent to us and not the Structured product provider, forms can be returned to admin@moneyworld.com or by post to – Moneyworld, 34 High Street, High Wycombe, Bucks, HP11 2AG.  The application should arrive with us before the advertised closing date for your chosen plan.

The payment can be made by bank transfer direct to the plan manager or by cheque, details of where to send the funds or who the cheque should be made payable to are usually included on the application form for your chosen plan.  If you’re still unsure then get in touch with us and we’ll provide details.

The company that you invest with will issue a cancellation notice once they have received and processed your application. This will give you 14 days in which to cancel the application if you decide not to proceed.

However if you cancel the plan after it has started it is possible that you will receive back less than your original investment, irrespective of whether you cancel within the 14 day period or not.

When the plan ends you will be contacted by the company that holds your investment and will usually be given the following options;

– Re-invest into a new product with the same company if they have one available at the time

– Request that they return the proceeds in full to you (any ISA funds returned will lose their ISA status)

– Re-invest part of the money into a new plan and encash the rest

– If the plan is held as an ISA you also have the option of transferring the funds to another company to retain the ISA status

There are a number of websites available that provide historical index levels, links to some of these are provided below;

Yahoo Finance
Investing.com
Bloomberg

If you require historical information for previous issues of the plan you are investing in then this can generally be found on the website of the company that administers the plan.

The fee can be paid direct to us or by specifying on the application form that the fee is to be deducted from your investment.  If you prefer to pay us directly you can do this by cheque or bank transfer.  If posting an application please either enclose a cheque payable to Moneyworld or indicate that the fee is to be paid directly and we will provide account details once we have processed your application.

If you’re emailing your form and haven’t indicated that the fee is to be deducted from the investment, we’ll assume you’re paying  by bank transfer and will provide account details when we acknoweldge receipt of your application.

A Structured Product is a fixed term product which usually runs for between 2-10 years. The return of your original capital and any income/growth payments are usually dependant on the performance of either a basket of shares or more commonly a specific index such as the FTSE 100.

There are two types of Structured Products available:

♦ Investment based
♦ Deposit based

Investment based: At the end of the term, you receive the product return from the company that holds the investment plus a return of capital, providing certain criteria has been met.

The product is issued in association with a third party, known as a ‘counterparty’ who provide the returns and the guarantees. If this third party goes bankrupt, you could lose some or all of your money. This type of product does not benefit from Financial Services Compensation Scheme protection

Deposit based: Deposit based plans are similar to Structured Investment Products, however UK investors may benefit from the Financial Services Compensation Scheme’s (FSCS) deposit insurance scheme, subject to certain limits.

Sign up for structured product updates

Have a query?

Get in touch with the team.
Call us on 01494 443806
We’re here 9.00am - 5.30pm
Monday to Friday

Sign up for structured product updates

Have a query?

Get in touch with the team.
Call us on 01494 443806
We’re here 9.00am - 5.30pm
Monday to Friday