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 7/1/2016 in the Prospect News Structured Products Daily.

GS Finance to price notes due 2023 linked to GS Momentum Builder

By Angela McDaniels

Tacoma, Wash., July 1 – GS Finance Corp. plans to price 0% notes due July 31, 2023 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 2.0 to 2.1 times the index return. The exact participation rate will be set at pricing. If the index return is negative or zero, the payout will be par.

The index measures the extent to which the performance of the selected underlying assets (up to 14 exchange-traded funds and a money market position in Libor, which provide exposure to broad-based equities, fixed income, emerging markets, alternatives, commodities, inflation and cash equivalent asset classes) outperform the sum of Libor plus 50 basis points (accruing daily).

Goldman Sachs & Co. is the agent.

The notes will price July 22.

The Cusip number is 40054KF84.


© 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.