An Equity-Linked Note (ELN) is a type of investment that offers the stability of a fixed-income security, with the potential for additional returns that are linked to the performance of equities. This makes them an attractive option for investors who want to balance out the risk and potential rewards associated with different types of investments.One advantage of Equity-Linked Note (ELN) is that they can provide some protection against downside risk in equity markets. Because your principal investment is protected, you won't lose any money if the stock market takes a downturn. At the same time, you may still see gains if stocks perform well - making ELNs a potentially lucrative option in good times and bad.Another benefit of ELNs is that they can be tailored to fit specific needs and goals. For example, you might choose an ELN that focuses on certain sectors or companies depending on your investing strategy and appetite for risk. This flexibility makes them an appealing choice for many investors.Overall, equity-linked notes offer a unique way to invest in stocks while also protecting your principal investment. If you're looking for exposure to equities but want some added security as well, then this could be an ideal investment product for you.