Extension to create a Markdown link using existing text for the link text

I'm sure I'm just overlooking it, but I can't find an extension that adds a simple capability every other editor I use provides: highlight some text and then using a command or shortcut, surround that ext with square brackets followed by and empty set of parentheses with the cursor inside ready to paste a link.

For example, I highlight `word` and after the command/keystrokethe result is `[word](|)` (where `|` is the cursor).

TIA!