Series 79: Structured Products

Structured Products

Structured products are a relatively new type of investment vehicle. As a class, they defy simple definition, but they are essentially financial products that are customized to address specific investment needs or goals that existing investment types and standardized contracts cannot meet.

Structured products are issued by investment banks and usually have a fixed maturity date, like a bond or note. They may also be given a fancy name or acronym. Each structured product is essentially the result of financial engineering by the bank, whic