Goldman Sachs plans leveraged buffered notes due 2019 tied to S&P 500

By Susanna Moon

Chicago, Sept. 1 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 29, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus double any index gain, up to a maximum settlement amount of $1,200 to $1,230 for each $1,000 principal amount. The exact cap will be set at pricing.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

Goldman Sachs & Co. is the underwriter.

The notes will price on Sept. 26 and settle on Sept. 29.

The Cusip number is 40054KJL1.

© 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.