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Goldman Sachs plans to price leveraged notes linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., April 19 - Goldman Sachs Group, Inc. plans to price 0% leveraged index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes will be 18 to 21 months.
If the index return is positive, the payout at maturity will be par plus triple the gain, subject to a maximum settlement amount of $1,180 to $1,210 per $1,000 principal amount. Investors will be exposed to any losses.
The exact maturity date and maximum settlement amount will be set at pricing.
The Cusip number is 38147K844.
Goldman Sachs & Co. is the underwriter.
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