Goldman Sachs offers leveraged return note linked to 20 stocks
Goldman Sachs is offering a leveraged return note based on an extraordinary 20 US stocks. Friday's registration of structured products for the public issuance market was otherwise peppered with reverse convertibles, as well as the odd leveraged return note and straddle
Of the nine new products registered with the US Securities and Exchange Commission on March 23, a leveraged return note from Goldman Sachs stands out for the sheer number of underlyings. The 1.33-year investment is based on the performance of a broad-ranging basket of 20 stocks that includes household names such as Coca-Cola and Pepsi, as well as a diverse selection of energy and technology companies such as AT&T and American Electric Power.
The note offers accelerated returns of 1.25 times the
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