Business and Personal Finance Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
- STOCK UPSIDE NOTE SECURTIIES
Lehman Brothers' listed, senior debt securities that offer upside participation in the value of a basket of shares, with limited downside risk. The SUNS is equivalent to a position in the underlying basket, plus a protective put. For example, Lehman offered SUNS with an underlying basket of 20 regional bank stocks, and offers SUNS with an underlying basket of 24 international telecommunication stocks.Back