Goldman plans five-year leveraged trigger notes tied to S&P, Russell

By Susanna Moon

Chicago, April 12 – GS Finance Corp. plans to price 0% index-linked notes due May 4, 2023 tied to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 to 1.6 times the gain of the worse performing index.

If either index falls but finishes at or above its 50% trigger level, the payout at maturity will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

The notes will price on April 30 and settle on May 3.

The Cusip is 40055AWT0.

© 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.