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 7/27/2018 in the Prospect News Structured Products Daily.

Goldman plans five-year leveraged buffered notes tied to MSCI EAFE

By Susanna Moon

Chicago, July 27 – GS Finance Corp. plans to price 0% leveraged buffered notes due Aug. 31, 2023 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.2 to 1.3 times any index gain, with the exact participation rate to be set at pricing.

Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline beyond 30%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

The notes will price on Aug. 28.

The Cusip number is 40055QPN6.


© 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.