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This type of structure is known as a digital product. In general, such products offer investors a fixed return if certain market requirements are met. Some products within this category may offer growth above the fixed amount through participation in the underlying index. This type of product can be either principal protected or principal at risk.
If the S&P 500 index reaches the trigger of 70% at maturity this product will pay a fixed return of 14.5-17%. If th