Principal protected notes (PPNs) are investment products that guarantee the return of the principal amount at maturity, while providing potential for positive returns linked to a reference asset. They are suitable for conservative investors seeking protection from market fluctuations without sacrificing the possibility of earning investment returns. PPNs face risks such as credit risk and may have specific tax implications; further details can typically be found on institutional websites offering these products.

1. Q9. Principal Protected Notes
a. What is a principal protected note?
b. What guarantee do they offer?
c. What is their return based on?
d. Who are they suitable for? Why?
e. Explain the Zero-Coupon Bond plus Option Structure:
f. What risks do PPNs face?
g. How are they taxed?
h. Provide a weblink to a specific PPN offered by a Canadian institution