Buy a Reverse Convertible, an Auto-call, a Shark Note, a Bonus Certificate, the structured products market contains as many structured products and payoffs as there are risks. To see more clearly, structured products are generally classified into four main categories. What are they? The Strukturierte Produkte .

A structured product, a function of risk and return

To understand how structured products are categorized, one must first look at two things. First, in what proportion the investor sees his capital protected at maturity. Then, what risk does the optionality contained within this structured product run the investor is long or short of an option? What leverage? What type of observations? From there, we can identify these four main categories.

Capital protection

Guaranteed or protected capital products concern these structures where the repayment of capital at maturity is guaranteed, apart from the issuer risk, while giving a certain exposure to the performance