Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
Goldman Sachs plans leveraged buffered notes tied to iShares MSCI EM
By Marisa Wong
Madison, Wis., Jan. 17 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index fund-linked notes tied to the iShares MSCI Emerging Markets index fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 28 to 32 months after issue.
If the fund gains, the payout at maturity will be par plus 1.25 times the fund return, subject to a maximum payment of $1,400 to $1,468.75 per $1,000 principal amount. The exact maximum payment will be set at pricing.
Investors will receive par if the fund falls by up to 25% and will lose 1.3333% for every 1% decline in the fund beyond 25%.
Goldman Sachs & Co. will be 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.