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 to price leveraged buffered notes linked to S&P 500 index
By Tali Rackner
Norfolk, Va., May 13 – GS Finance Corp. plans to price 0% leveraged buffered notes due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filing 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. The exact upside participation rate will be set at pricing.
Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% decline beyond 30%.
Goldman Sachs & Co. is the agent.
The notes will price on May 25 and settle on May 31.
The Cusip number is 40054KB88.
© 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.