Hello, question on structured notes. I had some money in a CD that matured in January. I told investment guys I didn't want to invest it in the market and wanted to find something moderately safe as i had just put a bunch into index funds from a small inheritance. My HYSA was already funded with a year's worth of bills, so it didn't have to be 100% safe. Investment firm offered me a structured note in January. Said they were pooling a bunch of money and wanted to know if i'd be interested. I really like my advisors and they're very smart guys, so I took them up on it, not fully understanding it. Said they've been doing it forever and have really good returns for quite a bit lower risk. Looking back at the paperwork, it was 13.05% annually (1.09% monthly), and the coupon barrier was 80% and tied to the worst performer of VGT, NDX, and XLE. Well, as i'm sure you're aware the market had a really bad few months, and i still hit both my coupons for this year so far. So what's the catch? I understand if for some reason the market finishes the year more than 20% down, i start to lose money, but seems that if the market does better than -20%, i make 13%, which seems unreal, so what's the catch? Thanks for the info.