Goldman plans four-year leveraged buffer notes tied to indexes, funds

By Susanna Moon

Chicago, April 20 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 3, 2021 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filed with the Securities and Exchange Commission.

The basket is comprised of the S&P 500 index with a 70% weight, the iShares MSCI EAFE ETF with a 15% weight, the S&P MidCap 400 index with an 8% weight, the iShares MSCI Emerging Markets ETF with a 4% weight and the Russell 2000 index with a 3% weight.

The payout at maturity will be par plus 1.27 to 1.37 times any basket gain, with the exact participation rate to be set at pricing.

Investors will receive par if the basket falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Goldman, Sachs & Co. is the agent.

Goldman Sachs Group, Inc. is the guarantor.

The notes will price on April 28.

The Cusip number is 40054L6S8.

© 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.