GS Finance plans underlier-linked notes tied to two indexes, ETF

By Marisa Wong

Morgantown, W.Va., April 27 – GS Finance Corp. plans to price 0% underlier-linked notes due May 3, 2021 based on the least performing of the Nikkei 225, the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each underlier is zero or positive, the payout at maturity will be the maximum settlement amount of $1,660 to $1,740 per $1,000 principal amount.

If the return of any underlier is negative but the return of each underlier is at least negative 38%, the payout will be par plus 0.5 times the absolute value of the return of the least performing underlier.

If any underlier falls by more than 38%, investors will be fully exposed to the decline of the least performing underlier.

Goldman, Sachs & Co. is the underwriter.

The notes will price on April 28.

The Cusip number is 40054LA61.

© 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.