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Goldman to sell buffered equity index-linked notes tied to S&P 500
By Marisa Wong
Madison, Wis., May 20 - 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 are expected to mature between 12 and 14 months after issue.
If the index falls by up to 20%, the payout at maturity will be the maximum settlement amount of $1,030 to $1,035 per $1,000 principal amount.
If the index falls by more than 20%, investors will lose 1.25% for every 1% decline beyond 20%.
The exact deal terms will be set at pricing.
Goldman, Sachs & Co. is the underwriter.
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