Goldman Sachs plans to price PLUS notes on Energy Select Sector SPDR

By Devika Patel

Knoxville, Tenn., Nov. 18 – Goldman Sachs Group, Inc. plans to price 0% Performance Leveraged Upside Securities due Dec. 7, 2018 linked to the Energy Select Sector SPDR fund, according to a FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 200% of any fund gain, up to a maximum return of 170%, or $17.00 per note.

Investors will be exposed to any losses.

Goldman Sachs & Co. is the underwriter.

The notes (Cusip: 38148X647) will price and settle in December.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.