As the autocallable structure loses momentum, we look at three payoff types that were popular in the past and have fallen from grace over the years.

Structured products have played an important role in providing income and protected solutions for investors for many decades. Three interesting product types in this category are the Altiplano, Himalaya and Podium payoffs. These product types were first used a long time ago but have barely been seen in the last few years. We examine their heritage and why they currently are out of favour. Providing capital-protected income products in a low-rate environment has been a difficult task since at l

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