Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Euro Stoxx 50 index > News item |
GS Finance to price five-year index-linked notes tied to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Oct. 16 – GS Finance Corp. plans to price 0% index-linked notes due Oct. 31, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,550 to $1,600 per $1,000 principal amount, and par plus the index return.
If the index return is negative but not less than negative 30%, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the agent.
The notes will price on Oct. 26.
The Cusip number is 40054LUN2.
© 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.