“There's usually some sort of multiplier. So if the market's down 16%, 16 minus 15 is 1 times 5, your note is down 5%... if the market's down 20, 20 minus 15 is 5 times 5, your note's down 25”

Janus Henderson · Animal Spirits Podcast · Talk Your Book: The Next Generation of Income Strategies

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25:42

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What was described

offers stability notes that pay a multiplier (e.g., 5x) on the amount the market breaches a single-day barrier

example multiplier 5x; barrier 15% on S&P, 45% on SK Hynix; if market down 16% with 15% barrier, note loses 5%

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