What Is the Difference Between Hard Protection and Soft Protection?

There are different types of structure notes. There are income notes, there are upside notes. The hard protection versus soft protection is all dependent upon what you want to achieve in your portfolio. In the rare event that you breach the protection level, if you do on maturity, i like to roll it into a new note. It's almost like a tax loss harvesting strategy,. You can roll those proceeds into a newNote to get expedientially highe upside. But how would you explain it to a client who just said, you know it, i just got really badly burned, like an ossin powers. I don't want to do another structure note. I just want to put my