GS Finance plans 15-month 5.5% notes with payout tied to index, ETF

By Wendy Van Sickle

Columbus, Ohio, June 16 – GS Finance Corp. plans to price 15-month 5.4% fixed-coupon underlier-linked notes tied to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

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

Interest is payable monthly.

The payout at maturity will be par unless either of the underliers finishes below 72.5% of their respective initial levels, in which case investors will lose 1.25% for each 1% the lesser performing underlier falls below 72.5%.

Goldman Sachs & Co. is the agent.

The Cusip number is 40054KEA0.

© 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.