Meteor kicks out Nikkei for latest Prima launch

Meteor Asset Management has booted out the Nikkei 225 for the fifth product in its Prima series. The Prima Growth Plan 5 is a six-year autocallable investment that will be linked to the Dow Jones Eurostoxx 50 and the FTSE 100.

“This is the first plan where we have introduced the Dow Jones EuroStoxx 50 in place of the Nikkei 225 with a view to maintaining a high kick out return,” says Graham Devile, managing director of the UK-based distributor. The plan kicks out with a 16% return after one year provided that both indexes are at or above their initial recorded levels.

If one is not then the plan runs into a second year, offering a potential 32% return if the indexes hit the required levels. The return accumulates by 16