Goldman pushes out dates for leveraged buffered notes tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., May 1 - Goldman Sachs Group, Inc. extended the pricing, settlement and maturity dates for its upcoming issue of 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 notes will now mature June 2, 2016, pushed out from April 29, 2016.

In addition, the notes will price on May 29 and settle on May 31. Before, the notes were to price April 26 and settle April 30.

As previously reported, if the index return is positive, the payout at maturity will be par plus two times the gain, subject to a maximum settlement amount of $1,240 to $1,260 per $1,000 principal amount. If the index falls by up to 10%, the payout will be par. If the index falls by more than 10%, investors will lose 1% for every 1% that it declines beyond 10%.

The Cusip number is 38141GRS5.

Goldman Sachs & Co. is the underwriter.

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