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 to price leveraged buffered notes linked to S&P 500
By Toni Weeks
San Diego, Dec. 12 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered 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 1.5 times the index return, subject to the maximum settlement amount of $1,099.75 per $1,000 principal amount.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.
The final index level will be the average of the closing index levels on the five trading days ending Dec. 27, 2013.
The notes (Cusip: 38141GKX1) are expected to price Dec. 14 and settle Dec. 19.
Goldman Sachs & Co. will be the underwriter. J.P. Morgan Securities LLC will be 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.