Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GS Finance Corp. > News item |
Goldman plans five-year leveraged buffered notes tied to S&P 500
By Susanna Moon
Chicago, July 10 – GS Finance Corp. plans to price 0% leveraged buffered notes due Aug. 3, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times to 1.35 times any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond 25%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
The notes will price on July 31.
The Cusip number is 40055QLU4.
© 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.