No. of Recommendations: 1
folgore,
My first thought when I read your original post was "Who is the counterparty?"

My next thought was: Since this is a structured product, the counterparty is probably the broker who is trying to sell it. And clearly they are not bringing out a product with the goal of losing money, so they must be planning on *making* money. So they must be planning for their counterparty (that is: me, the buyer) to lose.

No thanks.
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