| 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 trigger notes due February 2017 linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 2 – GS Finance Corp. plans to price 0% trigger notes due Feb. 23, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to 85% of the initial index level, the payout at maturity will be par plus 8.25%. If the final index level is less than 85% of the initial index level, investors will be fully exposed to the index’s decline from its initial level.
The index’s final level will be the average of its closing levels on the five trading days ending Feb. 17, 2017.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as agent.
The notes will price Feb. 5.
The Cusip number is 40054K2Q8.
© 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.