Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
Goldman changes expected tenor of leveraged notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Oct. 17 – Goldman Sachs Group, Inc. now expects the tenor of its 0% leveraged notes linked to the S&P 500 index to be 23 to 25 months, according to a 424B2 filing with the Securities and Exchange Commission.
When plans for the offering were first announced on Oct. 15, the tenor of the notes was expected to be 24 to 27 months.
The remaining terms are unchanged.
If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum settlement amount that is expected to be $1,240 to $1,270 per $1,000 principal amount of notes and will be set at pricing. If the index return is negative, investors will be fully exposed to the decline.
Goldman Sachs & Co. is the underwriter.
© 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.