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Author: mungofitch ✹🐝🐝🐝🐝 SILVER
SHREWD   😊 😞
Number: of 15055 
Subject: Re: Boomer Candy
Date: 06/28/2024 3:26 PM
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No. of Recommendations: 13
This broad category of structured product has long been extremely common in Europe. Common is not the same as popular or in demand--it's a product that is sold, not one that is bought: the fees are horrendous, and any enterprising individual could accomplish the same thing far more cheaply with a couple of option contracts (assuming they are allowed to trade them in that country). It's a very scummy business in general, but the banks found a niche that would let them keep their fee income up.

Jim
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