| 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 10-year trigger gears with no cap linked to S&P 500
By Susanna Moon
Chicago, April 12 – GS Finance Corp. plans to price 0% trigger gears due April 28, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.45 times to 1.6 times any index gain.
If the index falls by up to 50%, the payout will be par.
Investors will lose 1% for each 1% decline if the index finishes below its 50% downside threshold.
The notes are guaranteed by Goldman Sachs Group, Inc.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
The notes will price on April 25.
The Cusip number is 36254G408.
© 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.