Goldman plans buffered commodity-linked notes with 18.8% cap on gold

By Susanna Moon

Chicago, Oct. 24 - Goldman Sachs Group, Inc. plans to price 0% buffered commodity-linked notes due Nov. 9, 2012 tied to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.88 times any gain in the price of gold, up to a maximum settlement amount of $1,188 per $1,000 principal amount.

Investors will receive par if the price of gold falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.

Goldman Sachs & Co. is the underwriter, and J.P. Morgan Securities LLC is the placement agent.

The notes will settle on Nov. 4.

The Cusip number is 38143UYQ8.

© 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.