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Goldman Sachs plans 0% buffered equity notes linked to S&P 500 index
By Jennifer Chiou
New York, July 7 - 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 mature between 36 and 42 months after issue.
The payout at maturity will be par plus 100% to 105% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par for losses up to 30% and will share in losses at a rate of 1.4286% for every 1% the index declines beyond 30%.
Goldman, Sachs & Co. will be the underwriter.
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