Product review: Meteor's FTSE 100 kickout

Meteor is offering a standard kickout based on the top 10 UK stocks that promises a 17.5% annual return if eight of the stocks are above their initial level. The six-year product is issued by BNP Paribas and puts capital at risk if the three worst-performing stocks are below 50% of their initial level at maturity

This is a six-year kickout product linked to the performance of the top 10 companies in the FTSE 100 by index weighting. It offers a potential return of 17.5% per annum (not compounded) and kicks out if eight out of the 10 shares are at or above their initial level on any of the product’s anniversaries. Capital is not protected at maturity if the final value of three or more of the shares is below 50% of their initial value.

The stocks, which span several sectors, are HSBC, BP, Vodafone, Royal