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 plans autocallable leveraged buffered notes tied to S&P Banks
By Angela McDaniels
Tacoma, Wash., March 6 - Goldman Sachs Group, Inc. plans to price 24-month 0% autocallable leveraged buffered notes linked to the S&P Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a premium of 7.25% to 8.5% if the index closes at or above the initial level on the call observation date, which is expected to be 13 to 15 months after the pricing date.
If the notes are not called, the payout at maturity will be par plus 1.5 times any index gain. Investors will receive par if the index falls by up to 11% and will lose 1.1236% for each 1% that it declines beyond 11%.
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.