A Note Tailor-Made to Fit Your Goal
(BusinessWeek Online)
BusinessWeek Online - They're the bespoke suits of the investment world -- financial products that can be designed to meet almost any investing goal. They don't look so fancy at first glance. They're bonds, basically, backed by a bank. It's the financial accoutrements layered on that basic frame that distinguish these products and lead to their name: structured notes. I Most of these products share a common foundation in pairing a Treasury or corporate bond with an options contract; the option bets on the direction of a stock or stock index over time. ...
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