Sample Structured
Note Offerings
Real-world examples of previously issued structured notes, illustrating how income, growth, and protection features have been structured across different market environments.
Scroll to Explore
Sample Structured
Note Offerings
Real-world examples of previously issued structured notes, illustrating how income, growth, and protection features have been structured across different market environments.
Scroll to Explore
SAMPLE OFFERINGS
Concrete Examples
of Past Structured Notes
Explore real-world structured note offerings that Claro Advisors has brought to our clients. These past deals help illustrate how structured solutions are designed to deliver income, growth participation, or tailored outcomes across different market environments. All offerings below were exclusive to Registered Investment Advisor (RIA) and Claro Advisors clients.
SAMPLE OFFERINGS
Types of Notes
Market-Linked Income Notes
Market-Linked Income Notes
Market-Linked Income Notes
These investments will pay a monthly/quarterly income that is contingent upon the performance of the underlying stock indices
Uncapped Barrier Growth Notes
Uncapped Barrier Growth Notes
Uncapped Barrier Growth Notes
Uncapped Barrier Growth Notes
These investments offer uncapped, enhanced upside participation of a stock index while also offering limited protection from market declines.
Dual Directional Notes
Dual Directional Notes
Dual Directional Notes
Dual Directional Notes
These investments offer upside participation of a stock index while also offering an absolute positive return during periods of negative market returns.
SAMPLE
Market-Linked Income Notes
Issuing Bank
BBVA
UBS
BBVA
UBS
BOA
Citigroup
BNP
BOA
UBS
Tenor
2 Years
2 Years
2 Years
18 months
18 months
18 months
2 Years
3 Years
18 months
Coupon Rate
23.5%
12%
20.49%
13.75%
12.25%
12%
23%
9.9%
13.9%
Coupon Pays
Monthly
Monthly
Monthly
Monthly
Monthly
Monthly
Monthly
Monthly
Monthly
Underlying Indices
TSLA, NVDA
SPY, RTY, NDXT
JPM, HOOD
SPY, RTY, NDXT
SPY, RTY, NDXT
SPY, RTY, NDX
PLTR, NVDA, TSLA
INDU, RTY, NDXT
INDU. NDX, RTY
SAMPLE
Growth Barrier Notes
Issuing Bank
Morgan Stanley
BNP
BNP
BOA
BNP Paribas
Goldman
Tenor
5 Years
3 years
3 years
4 years
5 Years
5 Years
Leveraged Upside
194%
300%
304%
150%
255%
230%
Max Upside
Uncapped
Uncapped
Uncapped
Uncapped
Uncapped
Uncapped
SAMPLE
Dual Directional Notes
Issuing Bank
BNP
JPM
JP Morgan
Tenor
3 Years
3 Years
3 Years
Leveraged Upside %
300%
N/A
139%
Upside
Uncapped
60.5%
Uncapped
Underlying Indices
AAPL, MSFT, NVDA
NDX, SPY
DJIA, NDX, RTY
Call Premium
36% (1 yr)
N/A
N/A
Positive Returns
40%
20%
32.5%
Trade Date
12/30/25
12/11/25
1/18/24
Cusips
05619L4C6
48136LZ51
48134TVE1
SEC FILLINGS
Review Offering Documents
For full details on any structured note listed above, investors can review the official offering documents and term sheets filed with the SEC.
You can search by CUSIP or issuer name using the SEC’s EDGAR database.
Note: Offering documents are provided by
the issuing bank and filed publicly with the SEC.
Note: Offering documents are provided by
the issuing bank and filed publicly with the SEC.
If you’d like to explore how current structured note opportunities may fit your goals:
If you’d like to explore how current structured note opportunities may fit your goals:
Want To Learn More?
Learn how structured notes are used and whether they may align with your investment objectives.
Disclaimer
Claro Advisors, Inc. ("Claro") is a Registered Investment Advisor with the U.S. Securities and Exchange Commission ("SEC") based in the Commonwealth of Massachusetts. Registration of an Investment Advisor does not imply any specific level of skill or training. Information contained herein is for educational purposes only and is not to be considered investment advice. Claro provides individualized advice only after obtaining all necessary background information from a client.
FIDELITY INSTITUTIONALSM
Fidelity INSTITUTIONALSM provides a comprehensive clearing and custody platform, brokerage services, trading capabilities, and practice management and consulting to registered investment advisors (RIAs),including strategic acquirers and professional asset managers, as well as retirement recordkeepers, dealer firms, banks, and insurance companies through National Financial Services LLC (NFS) or Fidelity Brokerage Services LLC, Members NYSE, SIPC. In addition to providing services to third-party institutions, the NFS brokerage platform supports all the clearing and custody businesses at Fidelity, including Fidelity’s retail and capital markets businesses, bringing NFS assets under administration to more than $4 trillion.
Fidelity Investments and National Financial Services LLC (together "Fidelity") is an independent company, unaffiliated with Claro Advisors, Inc. ("Claro"). Fidelity is a service provider to Claro. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity has not been involved with the preparation of the content supplied by Claro and does not guarantee, or assume any responsibility for its content. Fidelity is a registered trademark of FMR, LLC. Fidelity Institutional SM provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC. Members NYSE, SIPC 94406210
For all Market-Linked Products, excluding Market-Linked CDs, the following applies: Not FDIC insured // Not bank guaranteed // May lose value // Not a bank deposit // Not insured by any government agency
©2025 by Claro Advisors, Inc. All rights reserved.
Want To Learn More?
Learn how structured notes are used and whether they may align with your investment objectives.
Disclaimer
Claro Advisors, Inc. ("Claro") is a Registered Investment Advisor with the U.S. Securities and Exchange Commission ("SEC") based in the Commonwealth of Massachusetts. Registration of an Investment Advisor does not imply any specific level of skill or training. Information contained herein is for educational purposes only and is not to be considered investment advice. Claro provides individualized advice only after obtaining all necessary background information from a client.
FIDELITY INSTITUTIONALSM
Fidelity INSTITUTIONALSM provides a comprehensive clearing and custody platform, brokerage services, trading capabilities, and practice management and consulting to registered investment advisors (RIAs),including strategic acquirers and professional asset managers, as well as retirement recordkeepers, dealer firms, banks, and insurance companies through National Financial Services LLC (NFS) or Fidelity Brokerage Services LLC, Members NYSE, SIPC. In addition to providing services to third-party institutions, the NFS brokerage platform supports all the clearing and custody businesses at Fidelity, including Fidelity’s retail and capital markets businesses, bringing NFS assets under administration to more than $4 trillion.
Fidelity Investments and National Financial Services LLC (together "Fidelity") is an independent company, unaffiliated with Claro Advisors, Inc. ("Claro"). Fidelity is a service provider to Claro. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity has not been involved with the preparation of the content supplied by Claro and does not guarantee, or assume any responsibility for its content. Fidelity is a registered trademark of FMR, LLC. Fidelity Institutional SM provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC. Members NYSE, SIPC 94406210
For all Market-Linked Products, excluding Market-Linked CDs, the following applies: Not FDIC insured // Not bank guaranteed // May lose value // Not a bank deposit // Not insured by any government agency
©2025 by Claro Advisors, Inc. All rights reserved.
Want To Learn More?
Learn how structured notes are used and whether they may align with your investment objectives.
Disclaimer
Claro Advisors, Inc. ("Claro") is a Registered Investment Advisor with the U.S. Securities and Exchange Commission ("SEC") based in the Commonwealth of Massachusetts. Registration of an Investment Advisor does not imply any specific level of skill or training. Information contained herein is for educational purposes only and is not to be considered investment advice. Claro provides individualized advice only after obtaining all necessary background information from a client.
FIDELITY INSTITUTIONALSM
Fidelity INSTITUTIONALSM provides a comprehensive clearing and custody platform, brokerage services, trading capabilities, and practice management and consulting to registered investment advisors (RIAs),including strategic acquirers and professional asset managers, as well as retirement recordkeepers, dealer firms, banks, and insurance companies through National Financial Services LLC (NFS) or Fidelity Brokerage Services LLC, Members NYSE, SIPC. In addition to providing services to third-party institutions, the NFS brokerage platform supports all the clearing and custody businesses at Fidelity, including Fidelity’s retail and capital markets businesses, bringing NFS assets under administration to more than $4 trillion.
Fidelity Investments and National Financial Services LLC (together "Fidelity") is an independent company, unaffiliated with Claro Advisors, Inc. ("Claro"). Fidelity is a service provider to Claro. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity has not been involved with the preparation of the content supplied by Claro and does not guarantee, or assume any responsibility for its content. Fidelity is a registered trademark of FMR, LLC. Fidelity Institutional SM provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC. Members NYSE, SIPC 94406210
For all Market-Linked Products, excluding Market-Linked CDs, the following applies: Not FDIC insured // Not bank guaranteed // May lose value // Not a bank deposit // Not insured by any government agency
©2025 by Claro Advisors, Inc. All rights reserved.
Want To Learn More?
Learn how structured notes are used and whether they may align with your investment objectives.
Disclaimer
Claro Advisors, Inc. ("Claro") is a Registered Investment Advisor with the U.S. Securities and Exchange Commission ("SEC") based in the Commonwealth of Massachusetts. Registration of an Investment Advisor does not imply any specific level of skill or training. Information contained herein is for educational purposes only and is not to be considered investment advice. Claro provides individualized advice only after obtaining all necessary background information from a client.
FIDELITY INSTITUTIONALSM
Fidelity INSTITUTIONALSM provides a comprehensive clearing and custody platform, brokerage services, trading capabilities, and practice management and consulting to registered investment advisors (RIAs),including strategic acquirers and professional asset managers, as well as retirement recordkeepers, dealer firms, banks, and insurance companies through National Financial Services LLC (NFS) or Fidelity Brokerage Services LLC, Members NYSE, SIPC. In addition to providing services to third-party institutions, the NFS brokerage platform supports all the clearing and custody businesses at Fidelity, including Fidelity’s retail and capital markets businesses, bringing NFS assets under administration to more than $4 trillion.
Fidelity Investments and National Financial Services LLC (together "Fidelity") is an independent company, unaffiliated with Claro Advisors, Inc. ("Claro"). Fidelity is a service provider to Claro. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity has not been involved with the preparation of the content supplied by Claro and does not guarantee, or assume any responsibility for its content. Fidelity is a registered trademark of FMR, LLC. Fidelity Institutional SM provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC. Members NYSE, SIPC 94406210
For all Market-Linked Products, excluding Market-Linked CDs, the following applies: Not FDIC insured // Not bank guaranteed // May lose value // Not a bank deposit // Not insured by any government agency
©2025 by Claro Advisors, Inc. All rights reserved.