Goldman Sachs plans leveraged buffered notes linked to Asian indexes

By Marisa Wong

Madison, Wis., Sept. 13 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered basket-linked notes due Oct. 3, 2012 linked to five Asian indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Hang Seng China Enterprises index with a 30% weight, the Korea Composite Stock Price Index 200 with a 27% weight, the MSCI Taiwan index with a 20% weight, the Hang Seng index with a 14% weight and the MSCI Singapore Free index with a 9% weight.

The initial level of each index will be converted into dollars. The issuer will convert the level of each index into dollars on each of the five consecutive trading days ending Sept. 28, 2012. The average of these five levels will be the final level for that index.

The payout at maturity will be par plus double any basket gain, subject to a maximum payout of $1,160 per $1,000 principal amount of notes. Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% decline beyond 10%.

The notes (Cusip: 38143UE64) are expected to price Sept. 16 and settle Sept. 21.

Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as the dealer.

© 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.