GS Finance to price leveraged buffered notes on S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., Oct. 23 – GS Finance Corp. plans to price 0% leveraged buffered notes due Oct. 28, 2022 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.

If the return of each index is positive, the payout at maturity will be par plus 1.15 to 1.25 times the gain of the lesser performing index.

If the return of each index is at least negative 25%, the payout will be par.

If either index falls by more than 25%, investors will be fully exposed to any decline of the lesser performing index beyond 25%.

Goldman Sachs & Co. is the underwriter.

The notes will price on Oct. 25.

The Cusip number is 40054LVW1.

© 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.