Goldman Sachs to price buffered notes linked to Euro Stoxx ex-Financials converted into dollars

By Angela McDaniels

Tacoma, Wash., June 12 - Goldman Sachs Group, Inc. plans to price 18- to 21-month 0% buffered index-linked notes linked to the Euro Stoxx ex-Financials index converted into dollars, according to a 424B2 filing with the Securities and Exchange Commission.

The initial index level and the final index level will each be converted into dollars from euros at the exchange rate then in effect.

If the index return is positive, the payout at maturity will par plus the index return, subject to a maximum settlement amount of $1,290 to $1,330 per $1,000 principal amount of notes. If the index return is zero or negative but not below negative 20%, the payout will be par. Investors will lose 1.25% for every 1% that the index declines beyond 20%.

The exact maturity date and maximum settlement amount will be set at pricing.

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.