Equity Linked Note - ELN

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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.

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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