Equity Linked Note - ELN

What is an 'Equity Linked Note - ELN'

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

BREAKING DOWN '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.