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Principal Protected Note (PPN)

A principal protected note is a structured product that tracks the performance of an underlying asset while protecting the principal of the investment.

Quick Look Example

// Example of PPN Product
{
"productId": "528b1b47f34de6d0f902647abe5ab132b0bc68d793753214063719cb20864695",
"exponentialPayout": true,
"fixedIncomeApy": 0.021523036665292025,
"fixedIncomeInstrumentId": "927cf5d8e2d0e715e84bdff70054a8dce3896bdd0fac78590db5f9722cc21a05",
"fullPrincipalProtection": false,
"lowerStrikePrice": 22000,
"maturityTimestamp": 1663920000,
"maximumPayOutPerDollar": 0.8,
"maxPayoutApy": 13.385711466099592,
"minPurchase": 10000,
"numberLongCallSpreadsPerDollar": 0.0001,
"numberShortPutSpreadsPerDollar": 0.000049705840709251265,
"principalProtectionPercent": 0.9005883185814975,
"principalProtectionPrice": 20000,
"productName": "PPN",
"strategyIds": [
"1bc4263cbe99c2d9b55438daccc5f4c56d890cbd280c7065eea830cb9bd9110d",
"0e3523fd20e47b2a52e4513f00e0b737ff03e4929106de27aade634362bb355c"
],
"underlyingAsset": "BTC",
"underlyingAssetPrice": 20117.27868969556,
"updatedTime": 1662179244,
"upperStrikePrice": 30000,
"volumeAvailable": 1036872.6883543909
}

The example product has the following payoff structured at maturity:

17500180001850019000195002000020500210002150022000225002300023500240002450025000255002600026500270002750028000285002900029500300003050031000315003200032500330003350034000345003500035500-300306090

Fixed Income

PPN Attribute Table

Attribute NameDescription
productIdThe composite ID used to look up the specified PPN through Fig.
strategyIdsThe array of Fig strategyIds used to compose the product.
fixedIncomeInsturmentIdinstrumentId of the FIXEDINCOME instrument that is used in the PPN.