Goldman Sachs to price buffered notes linked to S&P 500 index

By Jennifer Chiou

New York, Sept. 5 - Goldman Sachs Group, Inc. plans to price 0% buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will mature between 24 and 27 months after pricing.

The payout at maturity will be par plus any index gain, up to a maximum return of $1,185 to $1,217.50 for each $1,000 face amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.

The exact deal terms 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.