1. Financial instruments that combine a debt obligation with one or more derivatives to create a customized payoff structure linked to underlying assets
Investors purchased structured notes tied to the S&P 500 index to gain exposure with downside protection.
Os investidores compraram notas estruturadas vinculadas ao índice S&P 500 para ganhar exposição com proteção contra queda.
2. Complex securities designed to provide returns based on the performance of underlying reference assets or benchmarks
The bank issued structured notes offering higher yields but with increased complexity and credit risk.
O banco emitiu notas estruturadas oferecendo rendimentos mais elevados, mas com maior complexidade e risco de crédito.