A structured note is a unique financial instrument that blends various features from multiple financial products. By combining elements of bonds and additional investments, structured notes offer a hybrid experience that incorporates characteristics of both debt assets and investment assets. It’s important to note that structured notes are not considered direct investments; instead, they function as derivatives. In other words, they derive their value from another underlying product. The performance of a structured note hinges on the issuer’s repayment of the underlying bond and the payment of a premium based on the linked asset.