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 |
GS Finance plans buffered index-linked notes tied to S&P 500 index
New York, June 25 – GS Finance Corp. plans to price 0% buffered index-linked notes due July 17, 2023 linked 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 positive, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls by up to the buffer amount and will lose 1% for each 1% decline beyond the buffer amount. The buffer amount will be between 30% and 33% and will be set at pricing.
Goldman Sachs & Co. is the agent.
The notes will price on July 12 and settle on July 17.
The Cusip is 40055QH88.
© 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.