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 to price index-linked notes tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., Feb. 1 – GS Finance Corp. plans to price 0% index-linked notes due Feb. 29, 2024 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level of each index is greater than or equal to its initial level, the payout at maturity will be the threshold settlement amount, $1,320 per $1,000 of notes.
If the lesser performing index falls by up to 40%, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EVB1) will price on Feb. 25.
© 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.