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 leveraged buffered notes linked to Russell
By Sarah Lizee
Olympia, Wash., May 8 – GS Finance Corp. plans to price 0% leveraged buffered notes due Dec. 2, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of $1,215 to $1,245 per $1,000 principal amount of notes. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% that the index may decline beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on May 28.
The Cusip number is 40056FEZ4.
© 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.