Goldman plans 24-month digital notes with 80% barrier tied to S&P 500

By Susanna Moon

Chicago, July 11 – GS Finance Corp. plans to price 0% be 24-month digital notes 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 finishes above the 80% threshold level, the payout at maturity will be the greater of any gain and the maximum settlement amount of $1,095 to $1,105 for each $1,000 principal amount. The exact cap will be set at pricing.

Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40054KE44.

© 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.