GS Finance to price leveraged buffered notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., March 31 – GS Finance Corp. plans to price 0% leveraged buffered notes due April 29, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 105% to 115% of the index return, with the exact participation rate to be set at pricing. Investors will receive par if the index declines by 20% or less and will be exposed to any declines beyond 20%.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054K7M2) will price April 25 and settle April 28.

© 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.