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Goldman Sachs to sell buffered equity notes linked to S&P 500 index
By Susanna Moon
Chicago, Nov. 3 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 27 and 31 months after issue.
The payout at maturity will be par plus any gain in the index.
Investors will receive par if the index falls by up to the buffer amount - between 14% and 16% - and will lose 1.1628% to 1.1905% for each 1% drop beyond the buffer.
The exact deal terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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