U.K’s Meteor Asset Management has introduced the FTSE five quarterly kick-out plan four, Financial Times reports. The returns of the new five-year, two-week term scheme will depend on an assortment of five FTSE 100 company shares including BHP Billiton, GlaxoSmithKline, HSBC Bank, Royal Dutch Shell Class A shares and Tesco.
The scheme, which requires a minimum investment of £10,000, looks to mature and deliver 5.5 percent gross at the first quarterly measurement date, contingent on each of the five shares being at or more than 95 percent of their opening level. Royal Bank of Scotland will be issuing the securities.
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Royal Dutch Shell Meteor Asset Management U.K HSBC Bank GlaxoSmithKline