*

*

1.(Structured Securities)*

(Synthetic Securities)(Hybrid Securities)

*

2.

*

(Salomon Brothers Inc.)198691S&P 500(Standard Poors 500 Indexed NoteSPIN)199091$1,000 S&P 500 S&P 500 *

*Merrill Lynch1987101.25Index Liquid Yield Option NoteNew York Stock Exchange Composite Index76.679%19911068.5%1.46

*19911(Goldman Sachs)1Stock Index Growth NoteSIGNSIGNPrincipal-Protected5100%S&P 500S&P 500SIGN

*S&P5008810336.80%39%

*

*2001

*20017920022003(High Yield NotesHYN)Principal Guaranteed NotesPGN

*28110

*

*50

*

*(short)(Reverse Convertibles)

*

*

*1. (Bull Notes)17-1

*2.(Bear Notes)17-2

*

*

*

*

*1. 17-3

*2. 17-4

*(Equity-Indexed Products)

*200011 S&P 500 101520

*50

*

*

*

3. *

*(Floating Rate NotesFRNs)

*

*

*

* (Reverse Floating Rate Notes)

*199463062Bankers AcceptanceBA14.4-BABABA+0.6BA6

* 0.5+0.5 0.5(14.4-BA)+0.5(BA+0.6) 7.57.5

*

*

*

*(Range Notes)

*

*LIBOR17-21LIBORLIBOR

*

*n/Nn6LIBORNLIBOR17-2217-2317-12 6017-1380

*

4. *1985Philip Morris (Dual Currency Bond)

*(FX Range Factor)(Reverse Multi-currency)(Reverse Dual Currency)17-24

*

*20022002220011000

*200217-2517-25()

*

*

5. *

*

*

*Credit DerivativesPremium Protection BuyerProtection SellerReference EntityReference AssetCredit EventCredit Payment

* (Credit Linked Notes) 199717200114British Bankers Association and Risk19%

*(Recovery Rate)

* Single-Named Credit Linked Notes

*(Special Purpose VehicleSPV)17-6SPVSPV()

*

*

*Credit Linked Deposits First-to-Default Credit Linked Notes(SPV)()

* (Collateralized Debt ObligationCDO)CDOCDO(Asset-Backed SecuritiesABS)ABS CDOABSCDOCDOCBO(Collateralized Bond Obligation)

*CDOBalance Sheet)ArbitrageCDO CDOCDO CDO

*

*

*(Convertible BondCB)10CB()()

* (CB Asset Swap) CB(CB)CB17-10CBCBCBCBCB

*

*CBCB17-26CBCBCBCBCBCB

*()CBCBCBCBCBCBCBCBCBCB

*

*

*CBCBCBCBCBCBCB

6. *1973PEMEX

*(Catastrophe Bond)9063

*6BA14.4BA14.41514.414.4