Goldman Sachs to price leveraged buffered notes on oil and gas ETF

By Marisa Wong

Madison, Wis., Jan. 13 – Goldman Sachs Group, Inc. plans to price 24-month 0% leveraged buffered notes linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any fund gain, subject to the maximum settlement amount, which is expected to be $1,322.50 to $1,375 for each $1,000 principal amount.

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

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38147QRZ1.

© 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.