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 plans notes with contingent fixed return linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 1 – GS Finance Corp. plans to price 0% notes due March 25, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of 65% and the index return. If the index return is negative but not below negative 30%, the payout will be par. If the index is below negative 30%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. is the underwriter.
The notes will price March 18.
The Cusip number is 40054K4G8.
© 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.