| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hang Seng China Enterprises index > News item |
GS Finance plans leveraged buffered notes on basket of three indexes
By Devika Patel
Knoxville, Tenn., June 18 – GS Finance Corp. plans to price 0% leveraged buffered notes due Nov. 29, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The basket consists of the Hang Seng China Enterprises index with a 50% weight, the Nikkei 225 index with a 25% weight and the S&P/ASX 200 index with a 25% weight.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket return, subject to a maximum payout of $1,186 per $1,000 of notes.
Investors will receive par if the basket declines by 10% or less and will lose 1% for every 1% that the basket declines beyond 10%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40055QFY3) will price on June 25 and settle June 28.
© 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.