Goldman Sachs changes participation rate for notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 29 - Goldman Sachs Group, Inc. changed the participation rate range for its upcoming 60-month 0% leveraged buffered notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.2 times to 1.3 times - increased from 1.15 times to 1.25 times - the index return. The exact participation rate will be set at pricing.

Investors will receive par if the index declines by 25% or less and will lose 1.3333% for every 1% that the index declines beyond 25%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38147QAP1.

© 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.