GS Finance plans trigger performance notes linked to commodity index

By Angela McDaniels

Tacoma, Wash., March 8 – GS Finance Corp. plans to price 0% trigger performance securities due March 31, 2026 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par of $10 plus 170% to 185% of the index return. The exact participation rate will be set at pricing.

If the index return is zero or negative and the final level is greater than or equal to the trigger level, 70% of the initial level, the payout will be par.

If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.

Goldman Sachs & Co. is the agent.

The notes will price March 29.

The Cusip number is 36250E423.

© 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.