| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Russell 2000 index > News item |
GS Finance plans to price leveraged notes due 2023 tied to basket
By Sarah Lizee
Olympia, Wash., Nov. 8 – GS Finance Corp. plans to price 0% leveraged notes due Dec. 5, 2023 linked to a basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
If the basket return is positive, the payout at maturity will be par plus 145% to 155% of the basket return.
Investors will receive par if the basket declines by up to 40% and will lose 1% for each 1% decline from the initial level if the basket falls by more than 40%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056EFZ6) will price on Nov. 30 and settle on Dec. 5.
© 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.