Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for Hang Seng index > News item |
GS Finance plans to price basket-linked trigger gears tied to indexes
By Sarah Lizee
Olympia, Wash., July 9 – GS Finance Corp. plans to price 0% trigger gears due July 31, 2029 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a weight of 40%, the FTSE 100 index with a weight of 20%, the Nikkei Stock Average index with a weight of 20%, the Swiss Market index with a weight of 7.5%, the S&P/ASX 200 index with a weight of 7.5% and the Hang Seng index with a weight of 5%.
The payout at maturity will be par of $10 plus 4.4 to 4.55 times any basket gain.
If the basket falls but not below the 65% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The guarantor is Goldman Sachs Group, Inc.
UBS Financial Services Inc. and Goldman Sachs & Co. LLC are the agents.
The notes will price on July 29.
The Cusip number is 36257W244.
© 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.