Structured products is a class of hybrid financial instruments that integrate traditional debt securities with derivatives to create customized investment exposures linked to the performance of underlying assets or indices. The academic concept encompasses the study of their complex design, quantitative pricing models, embedded risk profiles, regulatory frameworks, and their impact on market efficiency and investor behavior. Key characteristics investigated include their contingent payoff structures, potential for tailored risk-return objectives (such as downside buffering or leveraged participation), and their role in providing access to sophisticated derivative strategies, often for retail investors. Their significance lies in offering customized risk management solutions and contributing to financial innovation and market complexity.