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
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