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What is Bull Equity Linked Notes?
Bull Equity-Linked Notes are short-term investment instruments that express the view that the Underlying Stock is unlikely to fall below a pre-determined level (Strike Price) on Valuation Date (three business days before maturity) of the Note. If the view is correct, the investor earns a pre-agreed return on his investment at maturity. Should his view be incorrect, the investor will receive the specified stock at the Strike Price, at maturity.
What is an ELNs?
Bull Equity-Linked Notes are short-term investment instruments that express the view that the Underlying Stock is unlikely to fall below a pre-determined level (Strike Price) on Valuation Date (three business days before maturity) of the Note. If the view is correct, the investor earns a pre-agreed return on his investment at maturity. Should his view be incorrect, the investor will receive the specified stock at the Strike Price, at maturity.
What is an ELNs?