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 plans leveraged notes due 2023 linked to S&P 500 index
New York, Aug. 1 – GS Finance Corp. will sell 0% leveraged notes due Aug. 18, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 1.25 times the index return.
The notes will pay par if the index declines but by no more than 40%. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. is the agent.
The notes will price on Aug. 15 and settle on Aug. 20.
The Cusip is 40055QRC8.
© 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.