By Kiku Steinfeld
Chicago, March 29 – GS Finance Corp. priced $300,000 of 0% leveraged buffered ETF-linked notes due Dec. 13, 2027 tied to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, investors will receive par plus 101%of the ETF gain.
If the ETF return is flat or falls by up to 35%, investors will receive par. Investors will lose 1% for every 1% decline beyond 35%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged buffered ETF-linked notes
|
| Underlying ETF: | Energy Select Sector SPDR Fund
|
| Amount: | $300,000
|
| Maturity: | Dec. 13, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 101% of any ETF gain; if ETF return is flat or falls by up to 35%, par; 1% loss for every 1% decline beyond 35%
|
| Initial ETF level: | $84.74
|
| Buffer level: | 65% of initial level
|
| Pricing date: | Dec. 8
|
| Settlement date: | Dec. 13
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 40057P6X5
|
|
|
© 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.
