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Structured Note: Protect Against Market Selloffs without Triggering Taxes or Limiting Gains
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Structured Note: Protect Against Market Selloffs without Triggering Taxes or Limiting Gains

ira By ira October 28, 2025

Protect Against Market Selloffs

This note was issued and is no longer available. It is shown here to explain how this kind of note works.

This 18-Month S&P 500® Structured Note can turn part of your fixed-income allocation into the downside protection your portfolio wants. 📉➡️📈

For investors seeking tax-aware risk management and cash/fixed-income alternatives while markets are high.

Watch: 2-Minute Overview

Overview

This 18-Month S&P 500® Structured Note can turn part of your fixed-income allocation into the downside protection your portfolio wants. 📉➡️📈

Looking to reduce downside risk without selling stocks (and triggering capital-gains taxes)? Or a cash/fixed-income alternative while markets are high? In this short video, Ira Koyner — The Original IRA — explains a defined-outcome structured note tied to the S&P 500® that targets:

Targeted Outcomes

  • Upside when markets rise: 50% participation up to a 6.0% max return over ~18 months. 📈 Mimicking the fixed-income returns you currently own plus the appreciation on your equities.
  • Positive return in modest declines: +75% of the decline when the index finishes 0% to −32% (max return +24%). 🛡️ This offsets losses on your current equity position, possibly better than your fixed-income position can.
  • Defined buffer in deep selloffs: Losses begin only after the market has already fallen more than 32%. ⚠️

Accessibility: Structured notes are not just for the uber-wealthy. They can be purchased in increments of $1,000.

Why It’s Useful

Reduce downside risk without selling appreciated holdings—helping avoid capital-gains taxes—while still keeping a defined outcome if markets rise.

Illustrative Payoff (Structured Note vs SPY & Bond)

Payoff chart: Structured Note (6% cap) vs SPY price return vs Bond (+6% 18m). Note earns up to +24% at −32% S&P 500 return with a 33% buffer.

Talk With Us

Not sure if this approach fits your portfolio? Let’s tailor scenarios to your goals.

🤝 Schedule a call

Prefer email? Contact IRA@TriathlonPartners.com.

Disclosures

TRIATHLON PARTNERS LLC is a registered investment adviser. Information is for educational purposes only and is not an offer or solicitation to buy/sell any security or strategy. Investments involve risk and, unless otherwise stated, are not guaranteed. Consult a qualified financial and/or tax professional before implementing any strategy. Past performance is not indicative of future results.