Client Alert
| January 12, 2010
Structured Notes Under Scrutiny: FINRA Notice to Members 09-73
During the turbulent financial markets over the last two years, structured notes marketed as principal protected have gained in popularity. PPNs are structured investment products that can be linked to a broad range of underlying investments, such as indexes, options on indexes, baskets of stocks, bonds or other assets. They often combine derivatives with equities and/or fixed income investments and guarantee a full or partial return of principal at maturity. PPNs aim to protect principal for investors who also seek potential gains in the underlying investments.
For more information, please contact your Dewey & LeBoeuf relationship partner, or one of the following:
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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