GS Finance plans notes due March 2022 with barrier linked to S&P 500

By Devika Patel

Knoxville, Tenn., Jan. 29 – GS Finance Corp. plans to price 0% notes due March 1, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $1,000 plus the index return, up to a maximum payment that is expected to fall between $1,600 and $1,650 and will be set at pricing. Investors will receive par if the index declines by up to 30% and will be exposed to the index’s decline from its initial level if it falls beyond the 30% threshold.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054CBX1) will price on Feb. 19 and settle on Feb. 26.

© 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.