Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
Goldman Sachs plans leveraged buffered notes linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Jan. 7 – Goldman Sachs Group, Inc. plans to price 24-month 0% leveraged buffered notes due linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum settlement amount that is expected to be $1,170 to $1,190 for each $1,000 principal amount of notes. If the index return is zero or negative but not below negative 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the agent.
The Cusip number is 38148TKX6.
© 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.