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Access Structured Products Through Pershing's Syndicate Desk

Issue 2 - March 2008

An investment staple throughout Asian, European, and Latin American markets, structured products have recently experienced a dramatic surge in popularity among U.S. investors. Able to address a wide variety of investor objectives, structured products can help investors diversify their portfolios and manage risk.

Structured products combine the features of traditional investments—such as bonds—with financial derivatives—such as options. With returns linked to the performance of underlying investments like individual securities and market indexes, structured products provide a range of features, including:

  • Different levels of principal protection
  • Enhanced yield
  • Higher-than-market coupons

Your Single Source for Structured Products
Pershing's Syndicate Desk is committed to providing one-stop syndicate shopping across a broad range of structured products. It also leverages strategic alliances with numerous bulge-bracket firms to offer you a wide array of new-issue structured products on one platform at very competitive prices.

The Structured Products Your Clients Want
  •  Reverse convertibles
  • Principal-protected notes
  •  Equity-linked certificates of deposit (CDs) 
  •  Fixed income structured products, including range accrual, and noninversion notes

The High-Profile Issuers Your Clients Demand

  • ABN Amro
  • Barclays
  • BNP Paribas 
  • Calyon
  • Credit Suisse
  • Deutsche Bank
  • Fortis
  • HSBC
  • JPMorgan
  • Lehman Brothers
  • Merrill Lynch
  • Société Générale
  • Royal Bank of Canada
  • UBS

The Syndicate Desk primarily acts as an aggregator and redistributor of proprietary syndicate offerings; however, we frequently work with the originators to create a customized product that meets the specific needs of your clients for a minimum investment of $1 million.

The Convenience of Straight -Through Processing

Not only can you view hundreds of new-issue structured products from multiple originators, but you can also place orders to buy them online through the New Issue Center on BondCentral® in NetExchange Pro® (see below).

This invaluable online resource offers you unique advantages:

  • Single sign-on-One password gives you access to multiple structured products and providers via NetExchange Pro
  • Open architecture-Access hundreds of offerings from the major issuers in one, convenient location
  • Straight-through processing-Intuitive point-and-click format provides a high-tech, low-touch approach to electronic indications of interest for products from different issuers, with all orders approved and executed on trade date
  • Low investment minimums-The minimum investment on the vast majority of our new-issue structured products, including the more than 250 reverse convertibles available monthly, is $1,000 or one bond-which can help you build your structured product business

More Than Structured Products

Our Syndicate Desk is deeply committed to providing you access to a broad array of new issues across all fixed income product lines, with a wide variety of potential underlying assets including equities, commodities, and foreign exchange. We have recently:

  • Expanded our syndicate product offering to include structured products and continuously offered medium-term notes
  • Significantly increased the available inventory of certificates of deposit, unit investment trusts, and commercial paper
  • Become a selling group member in the Federal Home Loan Bank note program 
  • Participated in new-issue municipal underwritings for New York, New Jersey, and California
  • Participated in more than 75% of new-issue preferred stock offerings

"Our Syndicate Desk is deeply committed to providing you access to a broad array of new issues across fixed income product lines, with a wide variety of potential underlying assets including equities, commodities, and foreign exchange."

Ride the Structured Products Wave

The distinctive and varied attributes of structured products make them attractive investments for a broad variety of investors, from conservative to aggressive. However, as with any investment, structured products do involve certain risks, and may not be suitable for every client. For more information, including offering materials, term sheets, prospectuses, and educational resources-including FINRA™-approved brochures and online trading modules, contact your home office.

For Professional Use Only.

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