| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for GS Finance Corp. > News item |
Goldman plans six-year leveraged absolute return notes tied to S&P 500
By Susanna Moon
Chicago, April 11 – GS Finance Corp. plans to price 0% leveraged index-linked notes due April 29, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.35 times the gain.
If the index falls by up to its 70% knock-out level, the payout at maturity will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
The notes will price on April 20 and settle on April 27.
The Cusip is 40055AVW4.
© 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.