Structured Notes

Generate income from stocks with potential downside protection

Invest in Structured Notes on Yieldstreet across investment themes including tech, consumer and diversified portfolios starting at only $15k.

Offers downside protection

Potential to generate regular income

Improve the risk-return profile of your overall portfolio

Globally, the Structured Notes market is approximately $3T in size

With most major banks participating in their issuance, including Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America, Citi among others.

Learn more about how income structured notes have the potential to generate regular cash flow for your portfolio.

What are Structured Notes and how do they work

Structured Notes are hybrid securities that are issued as debt, but whose outcomes are tied to the performance of an underlying stock.

Structured notes can be growth and/or income focused. Each individual income structured note pays a quarterly coupon, while providing downside protection.

Why invest in income structured notes on Yieldstreet?

Yieldstreet is providing investors with an easy and effective way to invest in portfolios of income structured notes.

Portfolio of notes

Yieldstreet offers a portfolio of multiple income structured notes each referencing a single underlying stock.

Issued by major banks

Yieldstreet will only purchase Structured Notes from major, investment-grade banks such as Goldman Sachs, Morgan Stanley, JP Morgan, Citi, Bank of America, Vanguard, Merrill Lynch, among others.

Low minimums

Through Yieldstreet you can invest in a pool of income notes with as little as $15K. Typically you need $250K to purchase Structured Notes directly from their issuers.

Transparent selection process

Designed to ensure that the underlying stocks have technical and fundamental characteristics which are expected to minimize the likelihood of significant price decline.

Short durations

Investments typically range from 9-36 months.

Reduced reinvestment risk

Yieldstreet will reinvest called notes according to the reinvestment criteria. This reduces friction and ensures that your capital stays at work.

Eligibility: Income Structured Notes are available to accredited investors, while non-accredited investors can gain exposure to private market investments through the multi-asset class fund offering and the Growth & Income REIT.

Expand your alternative investment portfolio with Yieldstreet

Learn more about Structured Notes

Structured Notes — Explained

You used to need over $250K to buy just one note. We solved this problem and allow investors to gain access to the product at a fraction of the cost.

Learn the basics

Our Structured Notes Portfolios

The ability to spread capital over a number of underlying notes helps reduce the concentration risk of the investment.

Get more information

An example: Structured Notes

Review an investor deck describing these outcome-based investments to get a more detailed sense of how Structured Notes could work for you.

Dig into the details

Your frequently asked questions, answered.

How does Yieldstreet choose what structured notes go into each portfolio?

Each structured note purchased in the portfolio will follow a transparent process that requires each underlying stock and note to meet certain criteria. The goal of this process is to ensure that the underlying stocks have fundamental and technical characteristics at the time of selection that are expected to minimize the likelihood of any significant price decline. In addition, each structured note will be chosen to provide a certain minimum amount of downside protection and from a select list of major banks. Please review the Private Placement Memorandum on each Structured Notes Portfolio offering page to learn more.

Where do structured notes fit in an investment portfolio?

Usually funded by reallocating capital from the equity portion of a portfolio, the inclusion of structured notes can improve a portfolio’s overall risk/return profile as the notes can help to protect against losses while simultaneously providing a regular source of income for investors.

Does the structured notes product offer the option for liquidity?

An investment in a structured note portfolio is illiquid. The portfolios have a target initial maturity of 2 years with one 12-month extension option (to account for any reinvested capital during the investment period, which lasts for the first 12 months).

Income Note Investing

Investing in Income Notes can be a great way to earn interest and diversify your portfolio. However, it is important to understand the payment expectations, portfolio and investment value, called notes, performance, quarterly coupon payments, and final observation and maturity of Income Notes before making any investment decisions. Payment Expectations Quarterly interest payments and final maturity payments can be expected to be received 30-45 days after the conclusion of the relevant quarter. This means that investors can expect to receive their payments in a timely manner, but should also be aware of the timeframe for processing. Portfolio and Investment Value At present, the investment balance for Income Note investments will remain at the original investment amount even if principal is distributed due to a called note. Additionally, interest will only be earned on the active notes and principal balance that remains in the portfolio, not on any note that has been called and returned principal. When the investment matures, investors will notice a decrease in portfolio value proportionate to the amount of their original investment amount. This means that investors should be prepared for the potential decrease in portfolio value at maturity. Yieldstreet is looking to change this in the future. Called Notes Should a note be called on the first observation date following the conclusion of the call protection period, called proceeds may be reinvested in a new note but only to the extent that the maturity of the portfolio does not exceed 9 months. If a note is called following the first observation period, called proceeds will be distributed back to investors as they are received. Investors will receive a brief note with a distribution if it includes a return of capital from a called note. Issuers of the Notes (Goldman Sachs, Morgan Stanley, etc) typically have the right to call the notes on any observation dates. They may call a note when they think that note is unlikely to breach the downside barrier, which typically happens if the stock goes above the strike price by 5-15%. When a note is called, the issuer pays the full principal and the accrued interest on those notes. Performance At present, all Income Notes are designated as ‘Performing’ as this product generally follows the performance of underlying positions. An update for all Income Notes will be posted to the investor’s Activity Feed on a monthly cadence, mid-month for all investments launched through the prior month. Investors will be able to view how each note within each portfolio performed on each relevant observation period. They will also receive a summary at maturity with additional information and market commentary on how each note performed relative to the macro stock market environment. Quarterly Coupon Payments Each note is tracked independently within the portfolio, and as long as the price of the note on each observation date is above the downside protection barrier, investors can expect to receive the stated coupon for that particular note. Each observation period is independent from the previous observation date period. For example, if a note at the previous observation date was below the downside protection barrier and therefore did not pay its coupon, at the next observation date, it's possible that the note will return to above the barrier, paying out its coupon. Final Observation and Maturity If all notes are above the downside protection barrier on the final observation, investors will receive principal and final interest payments once the funds are processed. This process can take 30-45 days to post to investor accounts after the conclusion of the relevant quarter. However, if any note(s) are below the downside protection barrier on the final observation date, principal, or a portion of principal may not be returned. Final metrics and IRR will be posted to portfolios following the conclusion, or maturity of each Income Note for review. In conclusion, investing in Income Notes can be a great way to earn interest and diversify your portfolio. However, it is important to understand how this investment product works and what to expect as an active investor.

How do structured notes work?

Issued as a debt instrument, with coupons that are tied to the performance of an underlying security, typically a single stock or basket of stocks. Structured notes pay a set yield on a predetermined schedule, while providing a level of downside protection, subject to certain performance criteria being met.

How many structured notes are in each portfolio?

It is expected that each portfolio will contain between 3-10 underlying notes.

What are the investment themes of Yieldstreet's structured notes portfolio?

Diversified, tech, ESG and consumer focused structured note portfolios are offered on Yieldstreet.

What happens if the structured notes portfolio does not perform in line with expectations?

Should the value of an underlying stock that dictates the performance of its respective underlying structured note fall below its downside protection value then investors will experience principal loss. The amount of principal lost will be determined by how far the value of the stock has fallen from the day that the structured note was purchased.

What are the expected returns for Structured Notes?

Yieldstreet structured notes portfolio returns vary depending on the investment thematic of each portfolio. You can see all of the details of our current Structured Notes investments here.

What are the fees involved with structured notes?

A 1.25% annual management fee is charged. Initial coupon payments will be applied to the $150 annual fund expense.

We believe our 10 alternative asset classes, track record across 470+ investments, third party reviews, and history of innovation makes Yieldstreet “The leading platform for private market investing,” as compared to other private market investment platforms.

1 Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in significant losses.

3 "Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.

4 Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

5 Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

6 The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.

7 Investors should carefully consider the investment objectives, risks, charges and expenses of the Yieldstreet Alternative Income Fund before investing. The prospectus for the Yieldstreet Alternative Income Fund contains this and other information about the Fund and can be obtained by emailing [email protected] or by referring to The prospectus should be read carefully before investing in the Fund. Investments in the Fund are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Yieldstreet or any other party.

8 This tool is for informational purposes only. You should not construe any information provided here as investment advice or a recommendation, endorsement or solicitation to buy any securities offered on Yieldstreet. Yieldstreet is not a fiduciary by virtue of any person's use of or access to this tool. The information provided here is of a general nature and does not address the circumstances of any particular individual or entity. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of this information before making any decisions based on such information.

9 Statistics as of the most recent month end.

300 Park Avenue 15th Floor, New York, NY 10022


No communication by YieldStreet Inc. or any of its affiliates (collectively, “Yieldstreet™”), through this website or any other medium, should be construed or is intended to be a recommendation to purchase, sell or hold any security or otherwise to be investment, tax, financial, accounting, legal, regulatory or compliance advice, except for specific investment advice that may be provided by YieldStreet Management, LLC pursuant to a written advisory agreement between such entity and the recipient. Nothing on this website is intended as an offer to extend credit, an offer to purchase or sell securities or a solicitation of any securities transaction.

Any financial projections or returns shown on the website are estimated predictions of performance only, are hypothetical, are not based on actual investment results and are not guarantees of future results. Estimated projections do not represent or guarantee the actual results of any transaction, and no representation is made that any transaction will, or is likely to, achieve results or profits similar to those shown. In addition, other financial metrics and calculations shown on the website (including amounts of principal and interest repaid) have not been independently verified or audited and may differ from the actual financial metrics and calculations for any investment, which are contained in the investors’ portfolios. Any investment information contained herein has been secured from sources that Yieldstreet believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefore.

Private placement investments are NOT bank deposits (and thus NOT insured by the FDIC or by any other federal governmental agency), are NOT guaranteed by Yieldstreet or any other party, and MAY lose value. Neither the Securities and Exchange Commission nor any federal or state securities commission or regulatory authority has recommended or approved any investment or the accuracy or completeness of any of the information or materials provided by or through the website. Investors must be able to afford the loss of their entire investment.

Investments in private placements are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Additionally, investors may receive illiquid and/or restricted securities that may be subject to holding period requirements and/or liquidity concerns. Investments in private placements are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

Alternative investments should only be part of your overall investment portfolio. Further, the alternative investment portion of your portfolio should include a balanced portfolio of different alternative investments.

Articles or information from third-party media outside of this domain may discuss Yieldstreet or relate to information contained herein, but Yieldstreet does not approve and is not responsible for such content. Hyperlinks to third-party sites, or reproduction of third-party articles, do not constitute an approval or endorsement by Yieldstreet of the linked or reproduced content.

Investing in securities (the "Securities") listed on Yieldstreet™ pose risks, including but not limited to credit risk, interest rate risk, and the risk of losing some or all of the money you invest. Before investing you should: (1) conduct your own investigation and analysis; (2) carefully consider the investment and all related charges, expenses, uncertainties and risks, including all uncertainties and risks described in offering materials; and (3) consult with your own investment, tax, financial and legal advisors. Such Securities are only suitable for accredited investors who understand and are willing and able to accept the high risks associated with private investments.

Investing in private placements requires long-term commitments, the ability to afford to lose the entire investment, and low liquidity needs. This website provides preliminary and general information about the Securities and is intended for initial reference purposes only. It does not summarize or compile all the applicable information. This website does not constitute an offer to sell or buy any securities. No offer or sale of any Securities will occur without the delivery of confidential offering materials and related documents. This information contained herein is qualified by and subject to more detailed information in the applicable offering materials. Yieldstreet™ is not registered as a broker-dealer. Yieldstreet™ does not make any representation or warranty to any prospective investor regarding the legality of an investment in any Yieldstreet Securities.

YieldStreet Inc. is the direct owner of Yieldstreet Management, LLC, which is an SEC-registered investment adviser that manages the Yieldstreet funds and provides investment advice to the Yieldstreet funds, and in certain cases, to retail investors. RealCadre LLC is also indirectly owned by Yieldstreet Inc. RealCadre LLC is a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Information on all FINRA registered broker-dealers can be found on FINRA’s BrokerCheck. Despite its affiliation with Yieldstreet Management, LLC, RealCadre LLC has no role in the investment advisory services received by YieldStreet clients or the management or distribution of the Yieldstreet funds or other securities offered on our through Yieldstreet and its personnel. RealCadre LLC does not solicit, sell, recommend, or place interests in the Yieldstreet funds.

Yieldstreet is not a bank. Certain services are offered through Synapse Financial Technologies, Inc. and its affiliates (collectively, “Synapse”) as well as certain third-party financial services partners. Synapse is not a bank and is not affiliated with Yieldstreet. Bank accounts are established by Evolve Bank & Trust. Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck. By participating in a Synapse cash management program, you acknowledge receipt of and accept Synapse’s Terms of Service, Privacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library.

Investment advisory services are only provided to clients of YieldStreet Management, LLC, an investment advisor registered with the Securities and Exchange Commission, pursuant to a written advisory agreement.

Our site uses a third party service to match browser cookies to your mailing address. We then use another company to send special offers through the mail on our behalf. Our company never receives or stores any of this information and our third parties do not provide or sell this information to any other company or service.

Read full disclosure