| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
GS Finance to price leveraged notes due 2021 tied to index basket
By Sarah Lizee
Olympia, Wash., Oct. 5 – GS Finance Corp. plans to price 0% leveraged notes due Oct. 29, 2021 linked to an equally weighted basket of two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index and the Euro Stoxx 50 index, each with a 50% weight.
If the basket return is positive, the payout at maturity will be par plus 160% of the basket return.
Investors will receive par if the basket declines by up to 25% and will lose 1% for each 1% decline from the initial level if the basket falls by more than 25%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056E7A0) will price on Oct. 26 and settle on Oct. 31.
© 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.