By Wendy Van Sickle
Columbus, Ohio, June 24 – GS Finance Corp. priced $12.15 million of 0% leveraged buffered index-linked notes due June 21, 2024 tied 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 return is positive, investors will receive par plus 2 times the index gain, capped at par plus 22.3%.
If the index return is flat or falls by up to 15%, investors will receive par. Investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $12.15 million
|
Maturity: | June 21, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times the index gain, capped at par plus 22.3%; if index return is flat or falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
|
Initial index level: | 3,674.84
|
Buffer level: | 85% of initial level
|
Pricing date: | June 17
|
Settlement date: | June 23
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 2.25%
|
Cusip: | 40057MFJ3
|
|
© 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.