n Structure Note vs Structured Protection ETF (A fee samples bellow)

1. Structure notes Liquidity and Fees and change over time and provider
2. The minimum investments is higher than ETFs
3. Notes normally trade options with barriers. For example, do not cover if the SP500 goes to -25% and must list the probability of a max loss 100%.
4. And they have a cap? If not there is a caught somewhere
5. Normally are distributed by bankers to private clients and not by money manager — why?

Alternatives with more liquidity, lower investments and maybe lower fees

https://www.ishares.com/us/products/337965/ishares-large-cap-max-buffer-jun-etf

https://www.calamos.com/capabilities/structured-protection-etfs/

There are new products and don't have a lot of history - I am looking to incorporate them into my models once the pass the filters…

Documentation

https://www.blackrock.com/us/financial-professionals/insights/ishares-buffer-etfs