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Standard & Poor's Index Notes (SPINs)
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Standard & Poor's Index Notes (SPINs)
A fixed
coupon
note with a below
market
yield
and the
principal
payment linked to the value of the S&P-500 stock
index
. Also called Stock Performance Exchange-Linked Bonds (SPELBonds). See
Equity-Linked Note (ELN)
(diagrams).
Glossary
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