GS Finance plans to price one-year index-linked notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., April 19 – GS Finance Corp. plans to price 0% index-linked notes due May 10, 2017 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is zero or positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,070 per $1,000 principal amount.

If the index return is negative but the index finishes at or above 83.95% of the initial level, the payout at maturity will be par plus the absolute value of the index return.

If the index finishes below 83.95% of the initial level, the payout will be par plus the index return, with full exposure to the index decline.

Goldman Sachs & Co. is the underwriter.

The notes will price April 22.

The Cusip number is 40054KAX4.

© 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.