# Structured Product

*Quant & Pricing — Finicade finance glossary*

A pre-packaged investment engineered from bonds and derivatives — for example, 'your money back plus half the market's upside'. The packaging can fit a precise need, but the embedded options make pricing and risk far less obvious than they look.

**Also known as:** structured products

**Related terms:** [Derivative](https://finicade.com/glossary/derivative), [Option](https://finicade.com/glossary/option), [Bond](https://finicade.com/glossary/bond)

**Taught in:** Hull Street — The Risk Manager's Final

Source: https://finicade.com/glossary/structured-product