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Definition of '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.
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Investopedia explains 'Equity Linked Note - ELN'
In the case of a note linked to an equity index, the security would typically be called an equity index-linked note.
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Get to know the most important market indices and the pros and cons of investing in them.
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Learn about the basics - and the pitfalls - of investing in mutual funds.
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Index-linked CDs generate returns similar to indexes, without the potential for loss.
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