Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for S&P 500 index > News item |
GS Finance to issue barrier absolute return notes with daily observation on S&P
By Emma Trincal
New York, Sept. 27 – GS Finance Corp. plans to issue 0% barrier absolute return market-linked notes with daily barrier observation due Jan. 4, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
A barrier event will occur if, on any day during the life of the notes, the index closes below or above its initial level by more than 26.7%.
If a barrier event has occurred, the payout at maturity will be par plus 1%.
If a barrier event has not occurred, the payout at maturity will be zero or positive and will equal the absolute value of the index return.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the selling agent.
The notes priced on Sept. 26 at an initial and indicative index level of 3,693.23 struck on Sept. 23. The notes will settle on Sept.29.
The Cusip number is 40057NDQ7.
The fee is 1%.
© 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.