We define a structured product as, 'An investment backed by a significant counterparty (or counterparties) where the returns are defined by reference to a defined underlying measurement (such as the FTSE 100 index) and delivered at a defined date (or dates)'. As a simple example, a 'capital at risk' structured product might offer a return of, say, 65% on the investment if the FTSE 100 was at the same level or higher on the day...
