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 leveraged notes linked to the S&P 500 index
By Devika Patel
Knoxville, Tenn., July 9 – GS Finance Corp. will sell 18- to 21-month 0% leveraged notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
The exact maturity will be set at pricing.
If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum settlement amount of between $1,160.80 and $1,189 per $1,000 of notes. The exact cap will be set at pricing.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Goldman Sachs & Co. is the agent.
The Cusip is 40055QHU9.
© 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.