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 Sachs to price notes linked to GS Momentum Builder index
By Angela McDaniels
Tacoma, Wash., May 15 – Goldman Sachs Group, Inc. plans to price 0% notes due May 30, 2025 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The index measures the extent to which the performance of the selected underlying assets (up to 14 exchange-traded funds and a money market position, which provide exposure to equities, fixed income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes) outperform the sum of Libor plus 50 basis points.
If the index return is positive, the payout at maturity will be par plus four times the index return. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent.
The notes are expected to price May 26 and settle May 29.
The Cusip number is 38148T3L1.
© 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.