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 to price 14-month capped gears linked to S&P 500
By Devika Patel
Knoxville, Tenn., Jan. 12 – GS Finance Corp. plans to price 0% capped gears due March 29, 2018 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.
If the index return is greater than zero, the payout at maturity will be par of $10 plus triple the index gain, subject to a maximum return that is expected to be 11.5% to 13% and will be set at pricing. Investors will lose 1% for each 1% decline from the initial level.
Goldman Sachs & Co. is the agent.
The notes (Cusip: 36251U681) will price on Jan. 26 and settle 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.