Goldman Sachs plans to price buffered notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., July 22 - Goldman Sachs Group, Inc. plans to price 0% buffered equity index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will have a tenor of 12 to 14 months.

If the index return is positive, the payout at maturity will be par plus 7.25% to 8.75%. The exact fixed percentage will be set at pricing.

Investors will receive par if the index declines by 25% or less and will lose 1.3333% for every 1% that it declines beyond 25%.

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.