Oil Plunge Imperils Millions of Dollars of U.S. Structured Notes
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The biggest monthly drop in the price of crude oil in almost six years may erode millions of dollars in principal for structured note holders.
Investors have snapped up $665.6 million of U.S. notes tied to crude this year, the most since at least 2010, according to data compiled by Bloomberg. West Texas Intermediate and Brent crude futures sank 18 percent in November, with the decline accelerating after OPEC decided not to intervene in the market last week.