Rich Asians Face Billions in Losses on Structured Notes

Some wealthy clients bought fixed coupon notes with leverage
Losses on such notes estimated to be in billions of dollars

A pedestrian passes through a shopping district during a partial lockdown in Singapore on April 7.Photographer: Wei Leng Tay/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Denise Wee, Chanyaporn Chanjaroen, and Alfred Liu

April 8, 2020 at 9:00 PM UTC

Updated on

April 9, 2020 at 7:57 AM UTC

This article is for subscribers only.

Follow Bloomberg on Telegram for all the investment news and analysis you need.

A popular investment among Asia’s wealthy in the years of rock-bottom interest rates has been upended in the recent market rout, leaving investors facing losses estimated to be in the billions of dollars.