An equity-linked deposit is a zero coupon instrument that offers to pay the face value at maturity.

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An equity-linked certificate of deposit (or CD)is a zero-coupon instrument that promises to pay the face value of the security at maturity.Equity-linked CDs,also referred to simply as equity-linked deposits,have the additional feature that they also provide a return based on the performance of a benchmark equity index.

An Equity-Linked Deposit Is a Zero Coupon Instrument That Offers