Goldman Sachs plans leveraged buffered notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., June 8 – Goldman Sachs Group, Inc. plans to price 24- to 27-month 0% leveraged buffered notes linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus two times the ETF return, subject to a maximum settlement amount that is expected to be $1,226 to $1,264 per $1,000 principal amount of notes and will be set at pricing. Investors will receive par if the ETF declines by 10% or less and will lose 1.1111% for every 1% that it declines 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.