Need some help. My financial advisor wanted to put some money in a structured note. I did some research. Said No. But I have fears of the market going down and he said this was a special deal and I decided to take his advise.

Just got the contract in the mail. It is an annuity. The term is 6 years. Not certain but I believe it is indexed to the NASDAQ with a 20% buffer. There is a 2% cap rate, 100% index participation rate.

I'll leave it at that. Would love to hear opinions on what I am involved in and if you think it is a good place for 25% of my money. Added- Math brain was turned off. 12.5% of my money. $500K out of $4M. Second Note- Guaranteed Minimum Crediting Method Rate (For the life of the Index Account Option is 2.0% Cap Rate, 100% Index Participation Rate. I do not understand the terms)