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Goldman Sachs plans notes linked to leveraged buffered index basket
By Jennifer Chiou
New York, June 14 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered basket-linked notes due 2015 tied to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 50% weight, the MSCI EAFE index with a 30% weight, the S&P MidCap 400 with a 10% weight and the Russell 2000 index with a 10% weight.
The payout at maturity will be par plus 100% to 110% of any basket gain. The exact participation rate will be set at pricing.
Investors will receive par for losses up to 30% and will share in declines at a rate of 1.4286% per 1% drop beyond the buffer.
Goldman Sachs & Co. is the agent for the notes (Cusip: 38143UVX6).
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