A Structured Note is a bespoke investment product designed for today’s market conditions where the return is defined by the performance of a stated underlying asset. These assets can include stocks, indices, commodities, or other financial instruments. Structured Notes offer a unique blend of debt and derivatives to create custom solutions for investors.

Structured Notes are typically issued by regulated financial institutions such as BBVA, Goldman Sachs, Morgan Stanley, BNP Paribas, DBS, Natixis, and Societe Generale. The credit risk of the issuer is a key consideration.

Yes. The payoff structure, maturity, coupon conditions, and protection level can be designed to align with a specific risk-return objective.

Coupons are conditional or fixed payments linked to predefined performance criteria of the underlying asset.

Depending on the terms, coupons may be paid monthly, quarterly, annually, or only at maturity.

An autocall feature allows early redemption if the underlying asset meets predefined performance conditions on observation dates.

A coupon target is a predefined return threshold that, once reached, may trigger the product’s maturity or suspend further coupon payments, depending on structure.

The protection barrier defines the level at which capital protection applies. If the underlying asset breaches the barrier at maturity, capital loss may occur depending on the structure.

Common categories include:
– Principal-Protected Notes
– Non-Principal Protected Notes
– Autocallable Notes
– Reverse Convertible Notes

Each differs in payoff mechanics and capital risk exposure.

For NEBA bespoke products, the minimum investment is typically 250,000 in major currencies such as USD, GBP, or EUR.

Key risks include issuer credit risk, market risk, liquidity risk, and structural complexity risk. Investors may lose part or all of their capital depending on the product design.