Goldman extends dates for leveraged buffered notes linked to Russell

By Toni Weeks

San Luis Obispo, Calif., May 1 - Goldman Sachs Group, Inc. pushed out the pricing, settlement and maturity dates for its upcoming issue of 0% leveraged buffered index-linked notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes (Cusip: 38141GRT3) will now mature June 3, 2015, extended from April 30, 2015. They will price on May 29 and settle on May 31, instead of price on April 26 and settle on April 30, as previously announced.

As noted before, if the index return is positive, the payout at maturity will be par plus two times the gain, subject to a maximum settlement amount of $1,160 to $1,180 per $1,000 principal amount. If the index falls by up to 10%, the payout will be par. If the index falls by more than 10%, investors will lose 1% for every 1% that it declines beyond 10%.

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.