Goldman Sachs plans leveraged buffered notes linked to real estate ETF

By Toni Weeks

San Luis Obispo, Calif., Aug. 18 – Goldman Sachs Group, Inc. plans to price 36- to 39-month leveraged buffered notes linked to the iShares U.S. Real Estate exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus double the fund return, subject to a maximum settlement amount of $1,350 to $1,410 per $1,000 principal amount. The exact maximum payout will be set at pricing. Investors will receive par if the fund falls by up to 15% and will lose 1.1765% for each 1% decline in the fund beyond 15%.

Goldman Sachs & Co. is the underwriter.

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