Goldman Sachs plans to price leveraged notes linked to index basket

By Marisa Wong

Madison, Wis., Feb. 10 – Goldman Sachs Group, Inc. plans to price 0% leveraged notes due March 2, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 58% weight, the FTSE 100 index with a 21% weight and the Topix index with a 21% weight.

If the basket return is positive, the payout at maturity will be par plus 2 times the basket return, subject to a maximum settlement amount of $1,213 per $1,000 principal amount.

Investors will be fully exposed to any losses.

The final level for each index will be the average of the closing levels on each of the five averaging dates ending Feb. 26, 2016.

Goldman Sachs & Co. is the underwriter.

The notes will price on Feb. 13 and settle on Feb. 19.

The Cusip number is 38147QUD6.

© 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.