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Stock-linked note

A note or other debt instrument whose redemption value or interest (or both) are determined relative to the return on a stock or stock portfolio.

In the case of a note whose return is tied to a stock index, the term equity index-linked note is used.

Synonyms and variations

  • ELN
  • EPN
  • Equity participation note
  • Equity-linked bond
  • Equity-linked note 1.