Retrieved 23 May Even where a secondary market exists, the note may be quite illiquid and you could receive substantially less than your purchase price. In addition, depending on how the note is structured, the distinct possibility exists that you could tie up your principal for upwards of a decade with the possibility of no profit on your initial investment. You might wish to consult with a tax advisor to understand the consequences of any particular investment, including imputed interest and any foreign tax consequences. In addition, the value of the note before maturity might be difficult to calculate and can vary depending a wide array of factors including prevailing interest rates and the volatility of the underlying asset, index or benchmark. Although it might seem counterintuitive, in the example above, a 40 percent gain in the underlying index results in the return of percent of principal invested, while a 41 percent gain achieved at any time would automatically result in the ...