| 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 index-linked notes tied to S&P, Russell
By Sarah Lizee
Olympia, Wash., Jan. 7 – GS Finance Corp. plans to price 0% index-linked notes due Aug. 3, 2022 tied 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 payment at maturity will be par plus 1.35 to 1.45 times any gain in the lesser performing index.
If the lesser performing index falls by up to 30%, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index beyond 30%.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 40056ESK5) will price on Jan. 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.