Goldman plans five-year buffered notes with no cap tied to S&P 500

By Susanna Moon

Chicago, July 30 – GS Finance Corp. plans to price 0% buffered notes due Aug. 31, 2023 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 any index gain.

Investors will receive par if the index falls by up to the buffer, which will be 34% to 37%, and will lose 1% for each 1% decline beyond the buffer, with the exact rate to be set at pricing.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on Aug. 28.

The Cusip number is 40055QPW6.

© 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.