Goldman Sachs plans leveraged notes tied to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., May 20 - Goldman Sachs Group, Inc. plans to price 0% leveraged equity index fund-linked notes tied to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes will be 21 to 24 months.

If the final share price of the fund is greater than the initial price, the payout at maturity will be par plus 150% of the gain. The payout will be subject to a cap of between $1,390 and $1,465 per $1,000 principal amount of notes, with the exact amount to be set at pricing.

Investors will receive par if the share price declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.

Goldman, Sachs & Co. is the underwriter.

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