Goldman Sachs plans buffered notes on S&P GSCI Enhanced Commodity

By Jennifer Chiou

New York, July 1 - Goldman Sachs Group, Inc. plans to price 0% buffered commodity index-linked notes tied to the S&P GSCI Enhanced Commodity Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.

The tenor of the notes will between 24 and 27 months.

The payout at maturity will be par plus any index gain, subject to a maximum payout of $1,600 to $1,750 per note. The exact cap will be set at pricing.

Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

Goldman, Sachs & Co. is the underwriter.

© 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.