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Taxation Risk
How returns from a structured product are expected to be taxed depends on the terms of each individual product, and will be described in the product Brochure. However, changes to taxation may come into force at any time during the term, and these changes could impact the expected tax treatment of a product. The risk that tax legislation changes and impacts the returns you receive from a product is called ‘Taxation Risk’.

Term
The lifespan of a structured product (from its Start Date to its End Date).
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