structured product

a fixed-term, non-deposit investment product, typically a debt security combining or embedding a derivative or which has derivative-like features, whether or not featuring gearing or leveraged upside potential and whether or not featuring any capital protection, where the level of interest or yield payable or risk to the capital payout at maturity is linked to the performance of or fluctuations in value of one or more reference indices, benchmarks, financial instruments, currency exchange rates or commodities.