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Goldman Sachs plans buffered notes linked to basket of four indexes
By Susanna Moon
Chicago, April 10 - Goldman Sachs Group, Inc. plans to price 0% buffered notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will mature between 12 and 14 months after pricing.
The basket consists of the S&P 500 index with a 55% weight, the MSCI EAFE index with a 30% weight, the Russell 2000 index with a 10% weight and the Euro Stoxx 50 index with a 5% weight.
The payout at maturity par plus any basket gain, up to the maximum settlement amount of $1,231 to $1,270 per $1,000 principal amount of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
The exact terms will be set at pricing.
Goldman Sachs & Co. is the underwriter.
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