GS Finance eyes leveraged notes on S&P Regional Banks Select Industry

By Devika Patel

Knoxville, Tenn., June 21 – GS Finance Corp. plans to price 0% leveraged notes due July 10, 2019 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is greater than the cap level of 110.3% of the initial index level, the payout at maturity will be the maximum settlement amount of $1,206 per $1,000 of notes. If the index return is less than the cap level but still positive, the payout will be par plus double the index return. Investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. and J.P. Morgan Securities LLC are the agents.

The notes (Cusip: 40055QGJ5) will price June 22 and settle June 27.

© 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.