[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio8b9e005d":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio8b9e005d","暴跌-40%-仍是香饽饽？华尔街争相推出SpaceX(SPCX)衍生品：打出“防摔牌”狂赚高额手续费","\u002Fdoc\u002Fdcio8b9e005d","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网注意到，华尔街正竞相推出与SpaceX(SPCX)股票挂钩的复杂投资产品，旨在股价上市首秀后剧烈抛售之际为买家防范未来损失。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">根据监管文件，包括摩根士丹利和 Marex Group Ltd. 在内的至少五家金融机构，正寻求推出与 SpaceX 挂钩的结构化票据，限制下行风险——在某些情况下防范高达 50% 的跌幅——同时在未来数月或数年内封顶收益。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">从期权到杠杆型交易所交易基金，自这家马斯克的火箭、卫星和 AI 综合企业 6 月首次公开募股以来，华尔街已围绕它建立起一整套投资生态。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Steward Partners 旗下 Washington Wealth Group 的执行董事总经理 Aaron Brachman 表示，随着股价较上市后的峰值下跌逾 40%，且交易狂热、价格剧烈波动，更多机构可能会效仿。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\"随着任何新股的期权市场流动性持续增强，其他银行越有可能放心地为与之相关的风险定价，\"他说。\"某只股票波动越大、越能俘获公众兴趣，就越有可能为它创设票据。\"\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">随着SpaceX股价暴跌，华尔街公司竞相发行相关的结构性债券\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">这些产品是华尔街借热门股票推出新产品的又一最新例证，其中许多附带高昂费用。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">结构化票据融合了固定收益特征与衍生品，作为类债务证券运作，相比标准债券提供增强型偿付。它们最常见于寻求投资组合中定制化风险特征的高净值个人、家族办公室和全权委托管理人。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Marex 美国结构化产品销售总监 Sarah Laconte 表示，\"这是与新证券挂钩、推进最快的结构化产品发行之一，\"\"对股票标的、波动率和 AI 相关交易的需求，在结构化票据生态中已是常态。\"\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Marex 正在推出一只九个月到期、可自动赎回的票据，若 SpaceX 股票在预定日期收盘价达到或高于其初始值，则本金全额返还。只要票据处于激活状态，无论股票表现如何，投资者每月都能获得至少 1.8% 的利息。到期时，投资者将防范高达 35% 的跌幅，但如果股价跌破该临界点，则需承担全部下行损失。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">在摩根士丹利，一只票据设计为只要 SpaceX 股价在 2028 年初到期时持平或上涨，即提供 40% 的固定偿付。该偿付同样适用于股价下跌不到 50% 的情形，但若跌幅超过该阈值，票据持有人将完全暴露于下行风险之中。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">其他寻求提供与 SpaceX 挂钩结构化票据的机构包括花旗集团、富国银行和 RBC Capital Markets。此前，GraniteShares 已申请出售一只与该公司的可自动赎回 ETF。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Steward Partners 的 Brachman 并不看好单股结构化票据，原因在于他所谓的\"风险与回报的倒挂\"。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\"它们在高度波动的公司上封顶你的上行，但一旦突破保护阈值，往往让你承担无限下行，\"他说。\"那种情况下，为什么不干脆直接买股票呢？\"\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 每天处理千万级股票数据：捕捉期权大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准交易信号第一时间发到您手机APP！\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FS\u002FSPCX\u002FSPCX.jpg","2026-07-29T15:35:41","2026.07.29","2026\u002F07\u002F29",36379,[22],"SPCX","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" target=\"_blank\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"edit":87,"editVideo":88,"courseContent":89,"more":90,"buyNow":91,"subscribeNow":92,"encoding":93,"paidContent":94},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]