Goldman Sachs plans leveraged index-linked notes on Taiwan Taiex

By Toni Weeks

San Diego, Feb. 22 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes tied to the Taiwan Taiex index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 18 to 21 months after issue.

The index is a weighted market-value index that is comprised of all common stocks listed on the Taiwan Stock Exchange, excluding preferred stocks, full-delivery stocks and stocks that have been listed for less than one calendar month.

If the index return is positive, the payout at maturity will be par plus 2.3 to 2.5 times the gain in the index. The exact participation rate will be determined at pricing.

Investors will be fully exposed to losses if the index falls.

Goldman Sachs & Co. will be the 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.