Matt Levine
speaker
4,268 appearances
11 recordings
1 series
first heard Jun 2026
last heard 4d ago
Matt Levine’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 11 in all, peaking in Jul 2026 with 5.
Appearances
Not the lucrative kinds, always.
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I feel like I spent all morning talking to you about structured notes.
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What do you want to know about structured notes?
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Okay, let's do what this is.
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Okay.
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So there was a Bloomberg story this week about basically banks or financial firms are rolling out structured notes on SpaceX.
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So SpaceX went public about a month ago.
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Its stock has fallen below the IPO price.
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It went up and then it went down.
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It's had a rough time.
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And banks are rushing to sell people structured notes on SpaceX.
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And I think stuff like this is interesting because a structured note is kind of...
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There's two ways to think about the trade.
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One way is we have these, let's say, retail clients, high net worth clients, individual clients, and we want to sell them stuff that they want to buy.
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And so the story here is something like SpaceX went down.
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We want to give you something that has SpaceX in the name but protects you from some downside.
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It won't go down as much as SpaceX.
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And so the Bloomberg story by Lu Wang was about banks are rushing to sell these high net worth clients
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Something that looks like SpaceX with some downside protection.
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But if you look at the notes, like they are something slightly different, which is the other way to think about structured notes is that banks have these retail clients.
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Showing 2301–2320 of 4,268 · page 116 of 214
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