Hi All,
You may see the term structured note floating around the personal finance literature.
A structured note is essentially a bond that is organized so that it gives the holder (e.g. the buyer) a return that matches a particular index such as the S&P 500. Usually structured notes have some minimum return associated with them. Sometimes they have exotic structuring such as providing an inverse return relative to an index. Sometimes they provide a return linked to baskets of currencies – there are lots of combinations.
Best,
James
DINKS (Dual Income No Kids) Finance is a blog discussing personal finance for couples. While by no means financial experts, we own a variety of assets including real estate and stocks. We've both been up to our eyeballs in debt and have made tons of financial mistakes. However, we've both successfully retired that debt and we both do learn from our failings. We hope that our voice in this blog can help others in achieving their goals!
