E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/28/2016 in the Prospect News Structured Products Daily.

Goldman plans one-year absolute return notes tied to Stoxx Europe 600

By Susanna Moon

Chicago, June 28 – GS Finance Corp. plans to price 0% notes due July 19, 2017 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

If the index finishes above the 81.25% knock-out level, the payout at maturity will be par plus the absolute value of the index return, up to a maximum settlement amount of $1,100 for each $1,000 of notes.

Otherwise, investors will be fully exposed to any losses.

Goldman Sachs & Co. is the agent.

The notes will price on July 1 and settle on July 7.

The Cusip is 40054KES1.


© 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.