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 4/12/2017 in the Prospect News Structured Products Daily.

Goldman Sachs plans leveraged buffered notes linked to index basket

By Susanna Moon

Chicago, April 12 – GS Finance Corp. plans to price 0% leveraged buffered notes due in 18 to 21 months linked to a basket of indexes, according to a 424B2 filed with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

The payout at maturity will be par plus triple any basket gain, up to a maximum settlement amount of between $1,273 and $1,321 for each $1,000 principal amount of notes. The exact cap will be set at pricing.

Investors will be exposed to any losses.

Goldman, Sachs & Co. is the agent.

Goldman Sachs Group, Inc. is the guarantor.


© 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.