GS Finance to sell digital notes on S&P 500 index, Russell 2000 index

By Devika Patel

Knoxville, Tenn., March 20 – GS Finance Corp. plans to price 0% digital notes due Oct. 3, 2018 linked to the S&P 500 index, and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus the maximum settlement amount that is expected to be between $1,100 and $1,115 per $1,000 of notes and will be set at pricing if each index finishes at or above the 75% threshold level.

Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.

Goldman Sachs & Co. is the agent.

The notes (Cusip: 40054KYT7) will price on March 28 and settle on March 31.

© 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.