What is a PPN? An Investor's Guide to Principal Protected Notes
                                
                                
                                •
                                
                                
                        
                                    
                                    5 min read                                
                            
                                Over recent years, the market for structured financial products has grown significantly, with Principal Protected Notes (PPNs) gaining attention. A PPN is a hybrid investment instrument that offers investors a unique combination of capital preservation and market-linked growth potential. This means that while your initial principal is guaranteed if the note is held to maturity, you also have the opportunity to earn a variable return tied to the performance of an underlying asset.