does anyone here have experience trading "index linked notes" with a guaranteed value?
if so, kindly touch on the basics.
thanks!
surfer
if so, kindly touch on the basics.
thanks!
surfer

Quote from marketsurfer:
does anyone here have experience trading "index linked notes" with a guaranteed value?
if so, kindly touch on the basics.
thanks!
surfer
Quote from vhehn:
i have used them in the past when they go under the 10 strike. the most common ones are called mitts. they are a merrill lynch product. they dont move much and do not move 1 to 1 with the market.
they buy a long bond and marry it with an index option.
here is one.
http://www.amex.com/?href=/strProd/prodInf/SpPiProdDesc.jsp?Product_Symbol=RRM
At the time (late 1990s -- early 2000s), similar products were getting increasingly popular in Europe and Japan, but not in the US. Don't know about now.