tyb
damn bred shitters
VENUS92 VIP has re-appeared and has now passed Columbus . Best I can tell it flew around at around 3k ft at last reported location and then continued on.
VENUS92 VIP at low altitude over Wright-Patterson AFB. It has dropped again
those are structured notes (an IOU from HSBC) that benefit from the movement of whatever they are tied to. In this case it's the SP500.
They are essentially derivative securities that are limitless in scope and can be tied to virtually any product, Index etc. They are for people who are looking for higher returns than the product it is tied to. Levered derivative products.