GS Finance plans to price leveraged notes linked to S&P 500 index

By Angela McDaniels

Tacoma, Wash., May 22 – GS Finance Corp. plans to price 18- to 21-month 0% leveraged notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

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

If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount that is expected to be $1,158.40 to $1,186.30 per $1,000 principal amount of notes. If the index return is negative, investors will have one-to-one exposure to the index’s decline.

Goldman Sachs & Co. is the underwriter.

© 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.