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 leveraged buffered notes due 2023 linked to S&P 500
By Sarah Lizee
Olympia, Wash., Oct. 25 – GS Finance Corp. plans to price 0% leveraged buffered index-linked notes due Oct. 31, 2023 tied 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 positive, the payout at maturity will be par plus 1.5 times the index return, up to a maximum settlement amount of $1,500 for each $1,000 face amount.
If the index falls by up to 27%, the payout will be par.
Investors will lose 1% for each 1% decline beyond 27%.
Goldman Sachs & Co. is the underwriter.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 40056EC71.
© 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.