GS Finance to price digital notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., May 8 – GS Finance Corp. plans to price 0% digital notes due May 26, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If each index’s return is greater than or equal to negative 30%, the payout at maturity will be $1,495 per $1,000 principal amount of notes. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Goldman Sachs & Co. is the underwriter.

The notes will price May 19.

The Cusip number is 40054LC85.

© 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.