| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Dow Jones Industrial Average > News item |
GS Finance plans to price index-linked notes on S&P 500, Dow
By Sarah Lizee
Olympia, Wash., June 24 – GS Finance Corp. plans to price 0% index-linked notes due Jan. 3, 2023 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be par plus 1.08 times the return of the lesser performing index.
If either index falls but the return of each index is at least negative 20%, the payout will be par.
If either index falls by more than 20%, investors will lose 1% for every 1% decline of the worse performing index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
The notes will price on June 28.
The Cusip number is 40056FQ81.
© 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.