Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Goldman Sachs Group, Inc. > News item |
GS Finance plans to price PLUS due 2017 tied to Russell 2000 index
By Wendy Van Sickle
Columbus, Ohio, July 14 – GS Finance Corp. plans to price Performance Leveraged Upside Securities due Nov. 3, 2017 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum redemption amount of $11.68 per $10 note.
Investors will be fully exposed to any index decline.
Goldman, Sachs & Co. is the agent with Morgan Stanley Wealth Management handling distribution.
The notes are expected to price on July 29 and settle on Aug. 3.
The Cusip number is 36250Y395.
© 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.