Goldman plans three-year trigger gears with no cap tied to Russell

By Susanna Moon

Chicago, July 10 – GS Finance Corp. plans to price 0% trigger gears due July 29, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.14 times to 1.18 times any index gain, with the exact gearing to be set at pricing.

If the index falls by up to 25%, the payout will be par.

If the index finishes below the 75% downside threshold, investors will lose 1% for each 1% decline.

The guarantor is Goldman Sachs Group, Inc.

UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.

The notes will price on July 26 and settle on July 31.

The Cusip number is 36255U331.

© 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.