GS Finance plans leveraged buffered notes on infrastructure stocks

By Marisa Wong

Morgantown, W.Va., June 23 – GS Finance Corp. plans to price 0% leveraged buffered notes due July 1, 2020 linked to a basket of stocks of 31 companies involved in the infrastructure industry, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket is comprised of 31 equally weighted basket stocks selected by Kensho Technologies Inc. as of April 28. The companies are Flowserve Corp., Mueller Water Products, Inc., Pentair plc, Rexnord Corp., Xylem Inc., Vectren Corp., Aecom, Emcor Group, Inc., Eagle Materials Inc., Granite Construction Inc., MDU Resources Group, Inc., Martin Marietta Materials, Inc., Summit Materials, LLC, Tutor Perini Corp., Tetra Tech, Inc., Vulcan Materials Co., Crown Castle International Corp., Uniti Group Inc., Dycom Industries, Inc., Mastec, Inc., Quanta Services Inc., CommScope Holding Co., Inc., SemGroup Corp., Valmont Industries Inc., Knowles Corp, 3M Co., Lumentum Holdings Inc., Argan Inc., Jacobs Engineering Group Inc., Ingevity Corp. and Trinity Industries, Inc.

The payout at maturity will be par plus 1.5 times any basket gain, subject to a maximum settlement amount of $1,262.50 to $1,307.50 per $1,000 of notes.

Investors will receive par if the basket declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.

Goldman Sachs & Co. is the agent.

The notes are expected to price on June 26.

The Cusip number is 40054LDY7.

© 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.