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
Lehman ABS Corporation $24.16 .3597 1.51% 200
Lehman ABS Corporation $21.78 .186 .86% 300
iShares S&P Target Date 2020 ETF $32.85 .17 .52% 2,129
ProShares Short MSCI Emerging Markets $33.19 .1299 .39% 64,767
iShares KLD 400 Social Index Fund $48.67 .19 .39% 434
AG Mortgage Investment Trust, Inc. $19.70 .02 .10% 19,864
Western Asset Municipal Defined Opportunity Trust Inc $23.10 .01 .04% 3,225
Lehman ABS Corporation $25.76 unch 0
Lehman ABS Corporation $25.80 unch 0
ProShares Credit Suisse 130/30 $59.74 -.017 -.03% 1,680
SPDR S&P Emerging Markets ETF $57.69 -.02 -.03% 8,471
Apollo Gold Corporation $0.83 -.001 -.12% 157,493
ProShares Ultra Oil & Gas $39.17 -.09 -.23% 183,749
Market Vectors Long Municipal Index ETF $19.79 -.0483 -.24% 3,279
iShares MSCI Emerging Index Fund $37.42 -.10 -.27% 21,419,294
Entergy Mississippi, Inc. $27.46 -.1395 -.51% 950
Demand Media Inc. $9.72 -.08 -.82% 195,306
Dominion Resources, Inc. $28.80 -.274 -.94% 17,861
Molycorp, Inc $20.52 -.67 -3.16% 614,447
As of 5/24/2012 11:29 ET Open NASDAQ Stocks: Information delayed 15 minutes. Non-NASDAQ Stocks and All Options: Information delayed 20 minutes.