Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
Goldman Sachs to price leveraged buffered notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 8 - Goldman Sachs Group, Inc. plans to price 0% leveraged buffered index-linked notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The tenor of the notes is expected to be 19 to 22 months.
The payout at maturity will be par plus four times any index gain, up to a maximum settlement amount of $1,180 to $1,210 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% that it declines beyond 10%.
The exact maturity date and maximum settlement amount will be set at pricing.
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.