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Wall Street's FANG Notes for Mom and Pop Buckle on Tech Pain

  • Structured notes tied to sector skip coupons amid stock slump
  • Global issuance of bonds quadrupled to $2 billion this year
Updated on

Retail investors who have ridden the boom in technology companies via exotic bonds are facing a reality check.

With banks selling $2 billion of structured products linked to one or more of the now-struggling FANG members this year alone, investors are getting schooled on the risks lurking in complex debt securities -- even those laden with protective buffers.