Goldman plans autocallable buffered notes linked to Russell 2000

By Jennifer Chiou

New York, Aug. 4 - Goldman Sachs Group, Inc. plans to price 0% autocallable buffered index-linked notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes (Cusip: 38143UXP1) will be called at par plus a premium if the index closes at or above the initial index level on any of the call dates that will occur about initially 13 months after issue and then five months after the first observation date and the determination date.

The call premium will be between 9.75% and 11.375% on the first call date, 13.5% and 15.75% on the second call date and 18% to 21% on the final call date.

The payout at maturity will be par unless the index falls by more than 25%, in which case investors will lose 1.3333% for each 1% loss 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.