| 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 to price notes with barrier linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Feb. 5 – GS Finance Corp. plans to price 0% notes due Feb. 29, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is positive or zero, the payout at maturity will be par plus the greater of the threshold return and the index return. The threshold return is expected to be 55% to 60% and will be set at pricing.
If the index return is negative but not below negative 50%, the payout will be par.
If the index return is below negative 50%, investors will lose 1% for every 1% that the index declines beyond 50%.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price Feb. 25.
The Cusip number is 40056EW38.
© 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.