I will be online with my production number January 31.  With the potential for rising rates that could hurt bond prices in the near future I wanted to look at other ideas for a product to sell.  Please give me your feedback on the idea of selling structured notes.  Our firm offers a variety of these each month.  Example: A four year note tied to the S&P 500, if the S&P is positive after the four year term (even by one point), the holder is entitled to a return of around 8% annually with full upside potential as well as a 15% downside cushion.  A number of others as well, tied to other indexes.  One worry is that these may be more difficult for investors to understand and therefore more difficult to sell.  Let me know what you think... Thanks in advance.