本研究期望投資人，在接受金融機構提供結構型商品的推廣的同時，了解商品的真實內容及風險所在。 ;Abstract This study analyzes three structured notes, a foreign currency-linked note is the first one, the following comes to a multi-asset-equity-linked note and the last one is cumulative equity-linked note. This study decomposes the pricing process of these structured notes and analyzing sensitivity factors by Monte- Carol simulation method. This study provides more ideas of structure products for investors to make better decisions in future. The first product, foreign currency-linked note, was an interest-guaranteed product and was launched in 2016. Through Monte-Carol method simulation, this study figured out the issuers would get meager profit and investors may stuffer loss due to the high probabilities of converting deposit currency into alternative currency. The investors need to think the usage of alternative currency if the conversion has been triggered. The second product, the one-year range-accrual note, was launched in 2013. The yield of structured note was much higher than a one-year-deposit interest rate. Via Monte-Carol method simulation, this study found investors have to stand the volatility risk of underlying stock but could not earn the interest of nominal yield which they expected. The third product, the one-and-half-year cumulative equity-linked structured note, was launched in 2007. This note was sold with a discount of market price of security. The Monte-Carol method simulation shows investors may not get the expected return. This article would provide the reference of structured notes to help investors to have much understanding of financial instrument which promoted by the financial institutions.
