资产挂钩票据，常见于与票据有关的协议中，它是一种包含股票成分，并以赚取高利息为招徕的短线衍生性金融商品，所以俗称高息票据。它是一种场外期权，组成部分包括一张无风险的票据或债券和一个与股票挂钩的股票期权。投资者可选定某一只蓝筹股之ELN，由银行订出行使价、结算日、到期日及息率等条款。到期日一般介乎1至6个月，而息率一般为年息10至30厘不等，要视乎挂钩股票的波动及风险等因素而定。当票据到期时，如被挂钩股票的股价高于或等于行使价，票据持有人须收回票据面值，赚取利息；如股价低于行使价，票据持有人须以行使价买入股份。

其英文释义如下：

Equity-linked notes provide a way for investors to protect their capital while also getting the potential for an above-average return compared to regular bonds. In theory, the upside potential for returns in an equity-linked note is unlimited, whereas the downside risk is capped. Even in the worst-case scenario, most equity-linked notes offer full principal protection. That is what makes this type of a structured product appealing to risk-averse investors who nevertheless have a bullish outlook on the market. That said, equity-linked notes only pay on maturity, so there is an opportunity cost for locking in that money if only the principal is returned in the end. （From Investopedia）

与之相关的还有equity-linked securitie，可以译为“资产挂钩证券”、“股权挂钩型证券”。

以下为相关双语示例：

Taiwan Securities engages in equity-linked notes on the basis of a certain understanding of the price trends of embedded assets and buys linked stocks to hedge market price risk.

台湾证券从事资产挂钩票据交易，对所连结的标的价格走势有一定程度之了解，且亦购入所连结的标的股权来避险，以期能规避大部分市场价格风险。

The structured notes transactions of Cathay Securities can be divided into equity-linked notes and principal guaranteed notes based on the terms of the contracts.

国泰证券结构型商品交易依契约内容可分为资产挂钩票据交易及保本型商品交易。