Goldman Sachs plans five-year buffered notes linked to S&P 500 index

By Marisa Wong

Morgantown, W.Va., Oct. 14 – Goldman Sachs Group, Inc. plans to price 0% buffered index-linked notes due Nov. 2, 2020 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain.

Investors will receive par if the index falls by up to 28% to 32% and will lose 1% for each 1% decline beyond the 28% to 32% buffer. The exact buffer will be set at pricing.

Goldman Sachs & Co. is the underwriter.

The notes will price on Oct. 28 and settle on Oct. 30.

The Cusip number is 38148TFY0.

© 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.