By Sarah Lizee
Olympia, Wash., Dec. 6 – GS Finance Corp. priced $11.45 million of 0% leveraged index-linked notes due Dec. 2, 2024 tied to the Nikkei 225 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 2.5 times the index return, capped at $1,915 per $1,000 of notes.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | Nikkei 225 index
|
Amount: | $11.45 million
|
Maturity: | Dec. 2, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 2.5 times the index return capped at $1,915 per $1,000 of notes; if the index falls by up to 30%, par; otherwise, investors will be fully exposed to the decline of the index
|
Initial index level: | 23,112.88
|
Pricing date: | Nov. 22
|
Settlement date: | Dec. 2
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 3.35%
|
Cusip: | 40056XQK5
|
|
© 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.