E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/7/2018 in the Prospect News Structured Products Daily.

GS Finance plans buffered PLUS due 2020 with cap tied to Stoxx 50

New York, Aug. 7 – GS Finance Corp. plans to price buffered Performance Leveraged Upside Securities due Aug. 20, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a maximum payment of $12.74 per PLUS.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond the buffer.

Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as the dealer.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will price on Aug. 15 and settle on Aug. 20.

The Cusip number is 36255U596.


© 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.