What are Structured Products Index Notes?



These have as their underlying tracking instrument a market index, but are created to resemble a bond more than a stock. Their principle attraction is the provision that their downside risk is limited by the issuer while the investor may still participate in some upside growth. Most often the investor is guaranteed the return of principal by the issuer in return for giving up part of the upside growth in the index if the Index Note is held to maturity. They are often callable like a bond and have a defined maturity date. Their return is usually calculated using a formula based upon the rise in the underlying index.

Why Investors Care


Investors choose these very specialized investments when they are willing to limit their rewards for the guarantee of little or no downside risk. These investments provide them very low risk with some potential for limited upside growth in the underlying index.

Structured Products Index Notes
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Fund NameSymbolLast Sale PriceNet Change%Price Change Share Volume
Apollo Gold Corporation $0.75 .02 2.74% 328,554
Molycorp, Inc $23.84 .2537 1.08% 153,801
ProShares Ultra Oil & Gas $39.08 .26 .67% 40,674
ProShares Short MSCI Emerging Markets $32.33 .20 .62% 7,147
ProShares Credit Suisse 130/30 $60.53 .35 .58% 1,300
AG Mortgage Investment Trust, Inc. $20.08 .105 .53% 4,800
iShares KLD 400 Social Index Fund $49.60 .20 .40% 540
Lehman ABS Corporation $23.85 .07 .29% 100
Demand Media Inc. $8.47 .01 .12% 16,839
Dominion Resources, Inc. $28.60 .0306 .11% 2,296
Lehman ABS Corporation $25.66 unch 0
Lehman ABS Corporation $21.96 unch 0
Lehman ABS Corporation $25.60 unch 0
Market Vectors Long Municipal Index ETF $19.89 -.03 -.15% 5,322
Entergy Mississippi, Inc. $26.84 -.08 -.30% 950
Western Asset Municipal Defined Opportunity Trust Inc $23.17 -.0961 -.41% 434
SPDR S&P Emerging Markets ETF $59.19 -.285 -.48% 3,790
iShares MSCI Emerging Index Fund $38.49 -.23 -.59% 11,279,554
iShares S&P Target Date 2020 ETF $33.02 -.35 -1.05% 250
As of 5/16/2012 10:01 ET Open NASDAQ Stocks: Information delayed 15 minutes. Non-NASDAQ Stocks and All Options: Information delayed 20 minutes.