GS Finance plans uncapped notes with 26% buffer linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 16 – GS Finance Corp. plans to price 0% buffered notes due Feb. 25, 2022 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.

If the index return is positive, the payout at maturity will be par plus any index gain.

If the index falls by up to 26%, the payout will be par. Investors will lose 1% for each 1% decline beyond 26%.

Goldman Sachs & Co. is the agent.

The notes will price Feb. 17.

The Cusip number is 40054KX68.

© 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.