E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/13/2010 in the Prospect News Structured Products Daily.

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

By Jennifer Chiou

New York, Sept. 13 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The maturity date is expected to be between 18 and 21 months after issue.

The payout at maturity will be par plus three times any index gain, up to a maximum settlement amount of between $1,240 and $1,285 per $1,000 principal amount. The exact cap will be set at pricing.

Investors will share in any losses.

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.