GS Finance to price leveraged buffered digital notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Feb. 22 – GS Finance Corp. plans to price 0% leveraged buffered digital notes due in 72 months linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the return of the lesser performing index is zero or positive, the payout at maturity will be par plus the greater of 25% and 1.15 to 1.3 times the lesser performing index return. Investors will receive par if the lesser-performing index declines by 30% or less and will lose 1% for every 1% that it declines beyond 30%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 40056EXP8.

© 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.