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Leveraged Structured Note
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Leveraged Structured Note
Any of a variety of
structured notes
in which a rate or
spread
relationship is multiplied to arrive at the ultimate
coupon
or
principal
repayment. While these notes are leveraged within a
range
, there is usually a
floor
and a
ceiling
to the possible coupon or payment at
maturity
. See also
Leveraged Derivatives Transaction (LDT)
.
Glossary
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