ELN - Equity-Linked Note

ELN - Equity-Linked Note
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Innovation for setting discount stock purchase prices, along with the ability to generate returns while waiting

Innovation for setting discount stock purchase prices, along with the ability to generate returns while waiting


Equity-Linked Notes (ELN) are a type of Structured Notes created for investors looking to buy high-quality equities with strong liquidity in the SET50 index at a 3%-5% discount to the market price. The approach entails delaying the purchase of equities if the price does not fall to the desired level.

During the 1-3 months waiting for the stock price to come down to the desired price, ELN can generate returns averaging between 8%-15% per year. The investment outcome of ELN depends on the price of the underlying stock at the valuation date, and it can be divided into two scenarios.

Scenario 1 : Cash Redemption

If the price of the underlying stock at the Valuation Date is greater than or equal to the Strike Price,

the investor will receive a cash redemption equal to the principal amount plus returns.

Scenario 2 : Stock Redemption

If the price of the underlying stock at the Valuation Date is less than the Strike Price,

the investor will receive a stock redemption equal to the principal amount plus returns. The underlying stock will be purchased at the Strike Price, which is less than the market price at the time of ELN purchase, as determined by the investor.


Innovation for setting discount stock purchase prices, along with the ability to generate returns while waiting

Innovation for setting discount stock purchase prices, along with the ability to generate returns while waiting


Invest with confidence in an alternative investment vehicle that is offered by the issuer with a credit rating of AA from TRIS Rating. Tailor your investment to suit your investment style to further enhance your investments to the next level.

  • Flexibility Choose your underlying stock from SET50 which has good fundamentals and high liquidity. Set strike price whether in percentage (%) or price (Baht) to suit your need.
  • Real-Time Place ELN orders in real-time, allowing for flexible investment timing.
  • Risk Diversification Diversify portfolio efficiently through ELN Plus contract size starting from 1 million Baht.
  • Easy Access detailed contract information for current ELN Plus holdings and historical expired ELN Plus contracts via the SN Transaction Report.
  • Peace of Mind Receive weekly Personalized Reports with updates on investment strategies and the value of Structured Notes you own.
  • Visibility Scan investment outcomes via monthly SN iTracker reports delivered directly to you.

Furthermore, Bualuang Securities provides supplementary support for your investment portfolio through daily updated investment strategy commentary, seminars, and continuous portfolio updates. This ensures a comprehensive and exclusive investment experience, aimed at achieving long-term wealth management.

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How to get started with ELN?


For New Customer
For BLS Customer

For investors who already have an account with Bualuang Securities, you can get in touch with your investment consultant for further information or open an account through BLS Customer Service at 02618 1111. You can start your investment journey in 5 simple steps

  • Step 1 Open an account for Structured Notes. Investors must be either high-net-worth individuals or institutional investors by the announcement from the SEC.
  • Step 2 Study the mechanics and return structure of ELN to understand the characteristics of returns and risks.
  • Step 3 Plan your investment. Select the underlying stocks and the expected return level that suits your needs and risk tolerance. You can view sample returns here
  • Step 4 Consult your investment consultant and place orders for ELN based on your preferences.
  • Step 5 Monitor your investment's performance in Structured Notes closely through the SN iTracker reports delivered to you every month.