By Marisa Wong
Los Angeles, Jan. 31 – GS Finance Corp. priced $32,299,000 of 0% capped gears due April 1, 2021 linked to the MSCI Emerging Markets 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 3 times the index gain, capped at $11.553 per $10 face amount of notes.
Otherwise, investors will be fully exposed to the index decline.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped gears
|
| Underlying index: | MSCI Emerging Markets index
|
| Amount: | $32,299,000
|
| Maturity: | April 1, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, capped at par plus $11.553 per $10 note; full exposure to any index decline
|
| Initial index level: | 1,097.51
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.1%
|
| Cusip: | 36259H286
|
|
|
© 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.
