Equity-Linked Note (ELN) is a structured note designed to generate returns while waiting to buy stocks at a discounted price — typically 3–5% below market value.
It’s ideal for investors interested in SET50 stocks who prefer placing buy orders below the market price.
Currently, ELNs offer an average return of 7–15% per year, depending on the chosen underlying stock, with a contract term of 1–3 months. If the stock is delivered through the ELN, it’s equivalent to buying shares without paying brokerage fees.
Design your contract with flexibility by specifying your preferred strike price — either as a percentage below market price or as an exact value in Baht.
Freely select underlying stocks based on your investment outlook. Most are stocks listed in the SET50 index, known for strong fundamentals and high liquidity.
If stocks are delivered through the ELN, it’s considered a purchase at a discounted price — without any brokerage commission. This helps enhance cost-efficiency in your investment strategy.
Design your contract with flexibility by specifying your preferred strike price — either as a percentage below market price or as an exact value in Baht.
Freely select underlying stocks based on your investment outlook. Most are stocks listed in the SET50 index, known for strong fundamentals and high liquidity.
If stocks are delivered through the ELN, it’s considered a purchase at a discounted price — without any brokerage commission. This helps enhance cost-efficiency in your investment strategy.
Note: This product is for Institutional investors and High Net Worth investors only, as in Announcement by the SEC.
Please understand the product’s features, return conditions, and risk before making an investment decision.
Important Notice: Investors in Structured Notes expose to risk of losing all or part of their investment if there is no principal protection or less than 100% principal protection of the investment. Structured Notes are the notes with higher risks or greater complexity than ordinary debentures, and they differ from direct investments in the underlying assets. This may result in the price of such notes exhibiting different fluctuations from underlying prices. Therefore, investors should thoroughly understand the terms of return and carefully consider the potential risks before making investment decisions. Please review the information and details provided in the factsheet or seek additional advice from your investment consultant.
Start Investing in Structured Notes Easily, Available for institutional and high-net-worth investors as defined by the SEC. Just open a securities trading account — quick and easy approval.
1. Prepare your ID card to fill in your information.
2. Apply for a securities account through various channels. See how to Click
• Wealth Connex app / AomWise app / www.bualuang.co.th
• Bualuang Securities branch
3. Open a Structured Note account by submitting: A copy of your ID card and Proof of high-net-worth investor status, as in Announcement by the SEC. See more Click
4. Submit your documents to your investment advisor and wait for email approval.
5. Start investing in Structured Notes by contacting your advisor to design a product that fits your investment style.
The minimum investment starts at 1,000,000 Baht.
The Strike Level can be set between 85%–100% of the initial price, depending on the volatility of the underlying stock.
In such cases, the total amount — including principal and returns — is used to purchase shares at the Strike Price specified in the contract.
ELNs have a contract period of 1 to 3 months.
If the note is redeemed in shares, investors will receive the stock at the predetermined Strike Price, which may be higher than the market price on the settlement date.
This means the market price may be lower than the acquisition cost, though the risk may be acceptable if the investor is willing to hold the stock at that price.
