The synthetic Strukturierte Produkte is taking an increasing place in the investors’ portfolio, even if the crisis of 2007or2008 gave them a smell of sulfur. Indeed, unlisted on the stock market, structured products were singled out for their role in the financial crisis of that time.
Composition of a structured product
A structured product is most often issued in the form of a structured bond called EMTN, Euro Medium Term Note. This obligation is guaranteed by the issuing bank, which provides daily liquidity. EMTNs are not eligible for the stock savings plan.
Like a wall, structured products are made of different bricks. For a financial product to be qualified as structured, it must be composed of at least two elements, a bond brick and optional brick derivatives. For the bond component, part of the capital is placed in an interest rate product with a more or less long maturity.

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