| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for GS Finance Corp. > News item |
GS Finance plans underlier-linked notes tied to iShares EAFE, EM ETFs
By Marisa Wong
Morgantown, W.Va., Sept. 27 – GS Finance Corp. plans to price 0% underlier-linked notes due Oct. 8, 2020 linked to the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the return of each ETF is zero or positive, the payout at maturity will be par plus 1.55 times the return of the lesser performing ETF.
If either ETF falls, but both finish at or above 70% of their respective initial levels, the payout will be par plus the absolute value of the return of the lesser performing ETF.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing ETF from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Oct. 5.
The Cusip number is 40054LTX2.
© 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.