By Sarah Lizee
Olympia, Wash., Jan. 3 – GS Finance Corp. priced $5.6 million of 0% trigger Performance Leveraged Upside Securities due Dec. 31, 2021 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par of $10 plus 1.2 times any gain in the index.
Investors will receive par if the index falls by up to 20.75% and will lose 1% for each 1% decline from the initial level if the index finishes beyond 20.75%.
Goldman Sachs & Co. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | MSCI Emerging Markets
|
| Amount: | $5,597,500
|
| Maturity: | Dec. 31, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.2 times any gain in the index; par if index falls by up to 20.75%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 962.63
|
| Trigger level: | 762.884275, 79.25% of initial level
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | Goldman Sachs & Co.
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.175%
|
| Cusip: | 36256M767
|
© 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.
