Goldman plans leveraged buffered notes linked to S&P 500 index

By Jennifer Chiou

New York, Oct. 17 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes due in 36 to 42 months tied to the S&P 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, capped at $1,405.00 to $1,472.50 for each $1,000 of notes.

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

Goldman, Sachs & Co. is the underwriter.

© 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.