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 leveraged buffered notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 24 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 29, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by the Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.1 to 1.2 times the index return.
Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index declines beyond the 15% buffer.
Goldman, Sachs & Co. is the underwriter.
The notes will price on Jan. 25.
The Cusip number is 40055ACJ4.
© 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.