Goldman plans three-year leveraged buffered notes linked to S&P 500

By Susanna Moon

Chicago, March 14 – GS Finance Corp. plans to price 0% leveraged buffered notes due March 27, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,325 to $1,380 per $1,000 principal amount.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

Goldman Sachs & Co. is the agent.

The notes will price on March 24.

The Cusip number is 40054KZS8.

© 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.