| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
GS Finance to price leveraged buffered notes linked to S&P, Russell
By Angela McDaniels
Tacoma, Wash., Jan. 24 – GS Finance Corp. plans to price 36-month 0% notes linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the return of each index is greater than or equal to zero, the payout at maturity will be par plus three times the lesser-performing index’s return, subject to a maximum settlement amount of $1,337.50 per $1,000 principal amount of notes.
If the return of either index is less than zero but the return of each index is greater than or equal to negative 15%, the payout will be par.
If the return of either index is less than negative 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
Goldman Sachs & Co. LLC is the agent.
The Cusip number is 40056EU30.
© 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.