Equity Linked Note - ELN

Equity Linked Note - ELN

An instrument whose return is determined by the performance of a single equity security, a basket of equity securities, or an equity index.

Notes:

In the case of a note linked to an equity index, the security would typically be called an equity index-linked note.

See also: Credit Linked Note-CLN, Equity-Linked Foreign Exchange Option - ELF-X, Equity, Mutual Fund