GS Finance aims to price five-times leveraged notes on Russell 2000

By Devika Patel

Knoxville, Tenn., June 17 – GS Finance Corp. plans to price 13- to 15-month 0% leveraged notes linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by the Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus five times the index return, subject to a maximum settlement amount that is expected to fall between $1,175 and $1,205 for every $1,000 of notes and will be set at pricing.

Otherwise, investors will lose 1% for every 1% decline.

Goldman Sachs & Co. is the agent.

© 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.