GS Finance plans to price digital trigger notes on Apple

By Wendy Van Sickle

Columbus, Ohio, Aug. 27 – GS Finance Corp. plans to price 0% digital equity-linked trigger notes due March 3, 2022 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the stock return is at least equal to its initial level, the payout at maturity will be par plus 34.2%. If the stock falls by up to 20%, the payout will be par. If the stock falls by more than 20%, investors will be fully exposed to the decline.

Goldman Sachs & Co. is the underwriter.

The notes will price on Aug. 28.

The Cusip number is 40056X5P7.

© 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.