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GS changes tenor of Topix-linked notes to between 8.5 and 10 weeks
By Angela McDaniels
Tacoma, Wash., March 7 – GS Finance Corp. now expects the tenor of its upcoming 0% notes linked to the Topix index to be 8.5 to 10 weeks instead of 11 to 12.5 weeks, according to a 424B2 filing with the Securities and Exchange Commission.
The exact tenor will be set at pricing.
The remaining terms are unchanged.
The notes are guaranteed by Goldman Sachs Group, Inc.
The issue price is expected to be 98.5% to 100.5% of par.
The payout at maturity will be par plus the index return. The notes are not principal protected, so investors will receive less than par if that index return is negative.
Goldman Sachs & Co. is the underwriter.
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