| 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 to price notes due 2024 linked to Russell 2000, S&P 500
By Angela McDaniels
Tacoma, Wash., Oct. 11 – GS Finance Corp. plans to price 0% notes due Nov. 5, 2024 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.
If the return of each index is greater than or equal to zero, the payout at maturity will be par plus at least 1.39 times the return of the lesser-performing index. The exact participation rate will be set at pricing.
If the return of either index is less than zero but the return of each index is greater than or equal to negative 50%, the payout will be par.
If the return of either index is less than negative 50%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes are expected to price Oct. 31.
The Cusip number is 40056XGB6.
© 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.