Goldman Sachs plans to price digital buffered notes tied to S&P 500

By Toni Weeks

San Diego, Nov. 18 - Goldman Sachs Group, Inc. plans to price 0% digital buffered index-linked notes tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are expected to mature 18 to 21 months after issue.

If the final index level is at least 70% of the initial level, investors will receive the threshold settlement amount of $1,080.00 to $1,094.00 per $1,000 principal amount. The exact digital payment will be set at pricing.

Investors will lose 1.4286% for every 1% drop in the index beyond the 30% buffer.

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.