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 to price index-linked notes on S&P 500, Russell 2000
By Marisa Wong
Morgantown, W.Va., Nov. 21 – GS Finance Corp. plans to price 0% index-linked notes due June 2, 2021 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 are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,150 per $1,000 principal amount, and par plus 1.1 times the return of the lesser performing index.
If either index falls but the return of each index is at least negative 30%, the payout will be par plus the absolute value of the return of the lesser performing index.
If either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index.
Goldman, Sachs & Co. is the agent.
The notes will price on Nov. 27.
The Cusip number is 40055A2S5.
© 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.