GS Finance aims to price leveraged buffered notes tied to S&P 500

By Devika Patel

Knoxville, Tenn., Jan. 5 – GS Finance Corp. plans to price 0% leveraged buffered notes due Jan. 31, 2019 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 of $1,000 plus double the index return, subject to a maximum payout, which is expected to be between $1,195 and $1,220 per $1,000 of notes.

Investors will receive par if the index declines by up to 10% and will lose 1% for each 1% decline beyond 10%.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054KSZ0) will price on Jan. 26 and settle Jan. 31.

© 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.