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Goldman Sachs to price leveraged buffered notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 29 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered notes linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature 36 to 40 months after pricing.
If the index return is positive, the payout at maturity will be par plus 1.25 to 1.35 times the index return. The exact participation rate will be set at pricing.
If the index falls by up to 20%, the payout will be par. Investors will lose 1.25% for every 1% index decline beyond the 20% buffer.
Goldman Sachs & Co. is the underwriter.
The Cusip number is 38141GSX3.
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