GS Finance plans leveraged buffered notes on iShares MSCI EM ETF

By Sarah Lizee

Olympia, Wash., Sept. 12 – GS Finance Corp. plans to price 0% leveraged buffered notes due June 17, 2021 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the fund return is positive, the payout at maturity will be par plus 1.5 times the return, subject to a maximum settlement of $1,210.50 per $1,000 of notes.

If the fund falls by up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond the 15% buffer.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40056XCJ3) will price on Sept. 13.

© 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.