i just got an email from CSFBDirect offering the opportunity to invest in SUNS (Stock Upside Note Securities). they are described as follows:"Equity Linked Notes (ELN). An ELN is an instrument that provides investors fixed income-like principal protection together with equity market upside exposure. An ELN is structured to combine the economics of a long call option with a long discount bond position. The investment generally provides 100% principal protection and may be appropriate for conservative equity or fixed income investors who desire equity exposure with controlled risk.""Lehman Brothers 3- Year 109% Minimum Redemption SUNS are a series of senior debt of Lehman Brothers Holding Company whose value is linked to the performance of the Nasdaq 100 Index"a rep at CSFB said essentially the money is tied up for 3 yrs, you are guaranteed a minimum return of 9% over 3 yrs (or about 3%/yr), but since they are linked to the NSDQ100 they can appreciate at a max of 8-10% per quarter, depending on the performance of the NASDAQ market.Does anybody know anything about these,and if yes, please fill me in. At first glance they seem appealing.
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