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

By Toni Weeks

San Diego, Dec. 11 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes due Jan. 2, 2014 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus double the index return, subject to the maximum settlement amount of $1,185 per $1,000 principal amount.

Investors will be fully exposed to any losses.

The final index level will be the average of the closing index levels on the five trading dates ending Dec. 27, 2013.

The notes (Cusip: 38141GKY9) are expected to price Dec. 14 and settle Dec. 19.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

© 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.