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Our investment products can provide both individual and institutional investors with flexible investment vehicles, which can accommodate varying appetites for risk, asset exposure and capital protection.

It is important that you understand the risks attached to each of the investments. The key risk areas are summarised below, but please remember that these are general risks and those relevant to a particular product are set out in the product literature.

Meteor does not provide financial advice or guidance on tax issues and we recommend that you talk to a financial adviser if you are considering investing. Some products require you to seek professional financial advice. Such products will be highlighted on the website and in the brochure.

Any investment should only form part of your total investment portfolio. You should also maintain savings you can access immediately and without penalty to meet any emergency cash needs that may arise during the investment term.

Availability and Residence – due to local regulatory and legal requirements, not all products described on this website are available in all jurisdictions and some may be available on a limited basis only.

The securities mentioned on this website are not being offered, and will not be sold, within the United States or to, or for the account or benefit of, any U.S. person. The term U.S. person shall have the meaning as defined in Regulation S under the United States Securities Act of 1933 and includes, among other things, U.S. residents and U.S. corporations and partnerships.

Cancellation Risk – the risk that if you decide to cancel the investment after assets have been purchased you could lose some of your money if the market(s) or asset(s) to which your contract is linked have fallen since the purchase date.

Counterparty Risk   – the risk that a financial institution with whom we arrange the assets to provide investment returns does not, or cannot, pay the amounts due, which could cause you to lose some or all of your money and any investment returns that would have otherwise been payable.

Early Encashment Risk – the risk that if you decide to encash the investment before maturity you could get less back than you invested. Administration charges for early encashment will increase any losses.

Inflation Risk – the risk that inflation will reduce the real value of your investment over time.

Investment Risk – The risk that the market(s) or asset(s) to which your investment is linked fall in value, which could cause you to lose money.

ISA Transfer Risk – if you wish to transfer an existing ISA this must be done in cash, which means your existing ISA manager will sell your investments and you may be charged an exit or transfer fee. There is the potential for loss of income or growth if markets should rise while your transfer remains pending.

Liquidity Risk – the risk that you may not be able to immediately access the value of your investment.

Pricing Risk – the risk that a financial institution with whom underlying investments have been arranged may not be able to quote regular prices making it difficult to value your investment and delaying any early encashment request you may make.

Product Risk – the risk that the product design could produce a return that is lower than a direct investment in the market(s) or asset(s) to which the product is linked.

Tax Risk – The values of any tax reliefs will depend on your individual circumstances. You should note that the levels and bases of taxation could change in the future and these changes may be applied retrospectively.

It is important that you read any product literature carefully and in full so that you understand how the product works and can decide whether or not you are prepared to accept the risks and the possible consequences of investing in a particular contract, before proceeding with an investment.

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Research & Analysis

Index Focus: FTSE 150 EWDR

The FTSE 150 Equally Weighted Discounted Return (EWDR) Custom Index was developed by FTSE Russell, a global index provider, who is responsible for the FTSE range of indices (including the FTSE 100 Index)

At a Glance

The FTSE 150 Equally Weighted Discounted Return (EWDR) Custom Index was developed by FTSE Russell, a global index provider, who is responsible for the FTSE range of indices (including the FTSE 100 Index).

  • FTSE 150: The Index contains all constituents of the FTSE 100 Index and the 50 largest constituents of the FTSE 250 Index.
  • Equally Weighed (EW): The index is rebalanced quarterly whereby the companies are assigned equal weighting.
  • Discounted Return (DR): Dividends paid by the companies are reinvested whilst an annualised discount of 5% is taken off the performance of the index.

Developed by FTSE Russell

The FTSE 150 EWDR was launched in May 2016 by FTSE Russell and its associated documentation and daily levels can be found online.

Elevated for structured products

There are three key differences compared to the FTSE 100 Index:


+50 constituents


Equal weighting



The 50 largest constituents of the FTSE 250 are added to the FTSE 100 to make a total of 150 The 150 constituents are given equal weighting in the index as opposed to the FTSE 100’s market capitalisation weighting Unlike the FTSE 100, dividends are reinvested and an annualised yield of 5% is discounted from the index on a daily basis


Proven track record

Many Meteor customers have come to enjoy structured products linked to the FTSE 100 Index. The UK equity benchmark has contributed to thousands of success stories in the past decade and the familiarity of the brand makes it an investment option that provides comfort to many. The FTSE 150 EWDR now also has a real performance track record which extends to more than 5 years and it has done admirably in that time.

  • As of August 2021, the FTSE 150 EWDR has outperformed the FTSE 100 by more than 6% since the FTSE 150 EWDR’s launch in May 2016, in part due to a stronger recovery path over the past year.
  • Using historical back-tested data from the end of December 2000 to the end of July 2021, the FTSE 150 EWDR has outperformed the FTSE 100 by more than 35%, equivalent to 1.49%pa compound/1.73%pa simple.
  • As of August 2021, 4 out of 5 of the publicly issued Meteor plans linked to the FTSE 150 have matured with positive investment returns of between 7%pa and 8.25%pa (non-compounded). The remaining live plan is due to be observed for a potential early maturity in November 2021 where it is currently on track to pay out 28% (7%pa non-compounded). All 5 of these plans were step down autocalls. Details of these plans can be found in the Product Archive with a search of “FTSE 150”.


Visit our Current Products page to see what FTSE 150 EWDR linked products we currently have on offer.

We recommend that you take advice from a financial adviser, who will be able to help you assess whether an investment linked to the FTSE 150 EWDR is suitable for you.

We also have more information on the FTSE 150 EWDR that is only available to financial intermediaries. Please speak to your financial adviser if this is of interest.


  • The FTSE 150 EWDR Index was launched on 3 May 2016. Past performance before this date reflects hypothetical historical performance.
  • The FTSE 150 EWDR Index will not perform like the FTSE 100 Index and should not be considered a direct substitute.
  • The use of 50 companies from the FTSE 250 could reduce or enhance the performance of the FTSE 150 EWDR.
  • The use of equal weighting rather than market capitalisation weighting does not guarantee outperformance.
  • The 5%pa dividend discount may be more or less than the actual dividends paid by the constituents.
  • The dividend discount mechanism could reduce or enhance the performance of the FTSE 150 EWDR compared to if dividends had not been taken into account.
  • Actual investment returns from structured products linked to the FTSE 150 EWDR could be higher or lower than the returns from comparable products linked to the FTSE 100.

Posted: 17 August 2021
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