We review the top 10 best-selling structured notes in the US amid booming activities for the year of 2025.

Cash-Settled Equity-Linked Notes - Cadence Design Systems (06746BUW9) , US$275m Issued by Barclays, the principal protected note (PPN) was priced on 22 May and estimated initial value of 106.68%. Linked to the California-based electronic system designer, the three-year note offers a fixed annual coupon of 1.25% pa. At maturity, if the shares of Cadence are above 120% of its initial level, the note offers a payout equal to the quotient of the final underlying level divided by 120%. Equity Li