Goldman Sachs to price knock-out notes linked to S&P 500, Russell 2000

By Angela McDaniels

Tacoma, Wash., May 24 - Goldman Sachs Group, Inc. plans to price 24-month 0% index-linked knock-out notes linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the closing level of either index declines by more than the knock-out amount during the life of the notes. The knock-out amount is expected to be 44% to 46% and will be set at pricing.

If a knock-out event occurs, the payout at maturity will be par plus the return of the lesser-performing index. If that return is negative, investors will receive less than par.

If a knock-out event does not occur, the payout will be par plus the greater of the return of the lesser-performing index and 16%.

Goldman Sachs & Co. is the underwriter.

The Cusip number is 38143UV99.

© 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.