E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/27/2016 in the Prospect News Structured Products Daily.

Goldman Sachs plans leveraged notes linked to basket of three indexes

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – Goldman Sachs Group, Inc. plans to price leveraged notes due Feb. 23, 2017 linked to a basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the Euro Stoxx 50 index with a 58% weight, the FTSE 100 index with a 19% weight and the Topix index with a 23% weight.

The payout at maturity will be double any basket return, up to a maximum settlement of $1,270.20 per $1,000 principal amount.

If the basket return is negative, investors will be fully exposed to the decline.

Goldman, Sachs & Co. and JPMorgan are the agents.

The notes will price on Jan. 29 and settle on Feb. 3.

The Cusip number is 38148TLP2.


© 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.