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Goldman plans 24-month leveraged buffered notes on SPDR S&P Oil & Gas
By Susanna Moon
Chicago, Feb. 6 – Goldman Sachs Group, Inc. plans to price 0% 24-month leveraged buffered notes linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, up to a maximum settlement amount of $1,255 to $1,300 for each $1,000 principal amount.
Investors will receive par if the fund falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Goldman, Sachs & Co. is the agent.
The Cusip number is 38147QU87.
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