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Goldman Sachs to price leveraged buffered notes tied to fund, indexes
By Toni Weeks
San Diego, Feb. 24 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered basket-linked notes tied to a basket of two indexes and one fund, unequally weighted, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are expected to mature four years after issue.
The basket consists of the S&P MidCap 400 index with a 50% weight, the Russell 2000 index with a 25% weight and the iShares MSCI Emerging Markets index fund with a 25% weight.
If the basket gains, the payout at maturity will be par plus 1.5 times the basket return, subject to a maximum payment of $1,600 to $1,705 per $1,000 principal amount. The exact maximum payment will be set at pricing.
Investors will receive par if the basket falls by up to 30% and will lose 1.4286% for every 1% decline in the index beyond 30%.
The Cusip is 38143US28.
Goldman Sachs & Co. is the underwriter.
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