Ferreira, MiguelPaixão, Tiago Alexandre Costa Neves2013-05-102013-05-102012-01http://hdl.handle.net/10362/9561A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and EconomicsThe purpose of this report is to describe the main characteristics of structured products. These products can be divided in Capital Guaranteed products and Non Capital guaranteed products, having these two types of products different risk profiles and potential returns. In the final part of the report a Reverse Convertible on the S&P500 is created, which offers 8.57% return per year subject to a capital loss in case the underlying goes below 70% initial level, in one year.engDown and in putReverse convertibleDeltaGammamaster thesis