23

STRUCTURED PRODUCTS

21.1 Understanding structured products

21.2 How structured products are built

21.3 Features of structured products

21.4 Principal-protected notes

21.5 Buffered and capped notes

21.6 Leveraged structures

21.7 Path-dependent structures

21.8 Digital and range-accrual structures

21.9 Correlation structures

21.10 Redeeming structured products prior to maturity

21.11 Finalé

Thus far, each of the chapters has concentrated on a single topic, whether it be a tool such as swaps or options, or a technique such as managing interest rate risk. This final chapter explores how financial engineering tools and techniques can be assembled in various ways to create novel, and sometimes unusual, financial structures. We will focus on ...

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