GS Finance announces plans to sell digital notes tied to three stocks

By Devika Patel

Knoxville, Tenn., July 9 – GS Finance Corp. plans to price 0% digital notes due July 17, 2019 linked to the worst performing of the common stocks of Macy’s, Inc., Amazon.com, Inc. and Celgene Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each stock finishes at or above 70% of its initial level, the payout at maturity will be the threshold settlement amount of $1,270 per $1,000 of notes.

Otherwise, investors will lose 1% for every 1% decline of the worst-performing stock from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40055QMH2) will price on July 10 and settle on July 17.

© 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.