Structured bonds can be extendible or stepped up. Extendible bonds offer predetermined interest payments like other bonds. If the bonds are not called, the investor is paid a stepped-up coupon according to the rate schedule. This stepped-up rate is the compensation for the risk of extending towards final maturity.
Structured bonds offer the following features:
We can help
At Edward Jones, we can help you reach your financial goals. Contact your Edward Jones advisor.
We believe in long-term investing with an emphasis on quality and diversification.Read more
If you're new to investing, a woman, a business owner or facing one of life's important milestones, this section addresses the topics that are unique to you.Read more