Principal protection
Targeted contractual income, a stated downside condition at maturity, and individual daily-priced CUSIPs.
Explore Principal protectionThree answers for clients who need them
Every client carries a tradeoff. The solution can challenge it.
Protection or return. Income or liquidity. Market participation or defined terms. These are starting questions, not automatic limits.
Three client starting points.
Equity enhancement
Targeted 90% to 130% index participation, a defined buffer, and terms built around the client's horizon.
Explore Equity enhancementLiquid income
Targeted contractual income on a selected cadence, a stated maturity condition, and independent daily pricing.
Explore Liquid incomeThree starting points. Every final answer begins with the client.
The configurations change. The principles do not.
Every term, in writing.
The income, participation, protection condition, issuer, and horizon are documented before commitment.
Delivered as individual notes.
CUSIPs are held at the client's custodian, subject to the final offering and advisory documents.
Priced every business day.
Independent marks provide visibility, while any sale remains subject to prevailing market value.
Control over the terms. Safety in understanding. Power in the decision.
Questions about structured client solutions
View all FAQsHow is an income note distinguished from a growth note for a client?
An income note is designed around contractual or conditional cash flow and a stated downside condition, while a growth note is designed around participation in index gains with a defined buffer or loss formula. The appropriate comparison must also include caps, calls, maturity, issuer credit, liquidity, taxes, and the client’s broader portfolio.
What must a client understand before considering a structured note?
The client should understand the issuer obligation, linked index, coupon or participation formula, barrier or buffer, observation dates, call provisions, maturity, tax uncertainty, secondary-market pricing, and loss scenarios. The note should be considered only after suitability, liquidity needs, concentration, alternatives, costs, and the controlling offering documents have been reviewed.
Bring the client tradeoff.
Start with the responsibility the current shelf does not answer clearly enough.
ClearThe terms
DirectThe delivery
AlignedThe relationship
Your clients came to you for a better answer.
Partner with us