E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/6/2016 in the Prospect News Structured Products Daily.

GS Finance to price 20-month trigger notes linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, May 6 – GS Finance Corp. plans to price 20-month 0% trigger notes 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 closes at or above the 60% trigger level every day during the life of the notes, the payout at maturity will be the maximum settlement amount of $1,069.

If the indexes closes below the trigger level any day during the life of the notes but finishes above its initial level, the payout will be par of $,1000 plus the return, subject to the maximum settlement amount.

If the index falls below the 60% trigger any day during the life of the notes and finishes below its initial level but above the trigger level, the payout will be par.

If the index finishes below the trigger level, investors will be fully exposed to the loss.

Goldman, Sachs & Co. is the agent.

The Cusip number is 40054KCA2.


© 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.