Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GS Finance Corp. > News item |
GS Finance plans leveraged notes due Feb. 26, 2019 linked to Dow Jones
By Tali Rackner
Norfolk, Va., Feb. 1 – GS Finance Corp. plans to price 0% leveraged notes due Feb. 26, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount that will be between $1,345 and $1,405 per $1,000 of notes and will be set at pricing.
If the index falls by up to 20%, the payout at maturity will be par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. is the agent.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will price on Feb. 19 and settle on Feb. 26.
The Cusip number is 40054CBW3.
© 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.