By Taylor Fox
New York, Nov. 23 – GS Finance Corp. priced $1.3 million of 0% index-linked notes due Nov. 18, 2025 tied to the MSCI EAFE index, the MSCI Emerging Markets index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.45 times the return of the least-performing index.
The payout will be par if the least performing index falls by up to 20%.
If any index falls by more than 20%, investors will lose 1% for every 1% that the least-performing index declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | MSCI EAFE index, MSCI Emerging Markets index and Euro Stoxx 50 index
|
| Amount: | $1,302,000
|
| Maturity: | Nov. 18, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 1.45 times the return of the least-performing index; par if least performing index falls by up to 20%; 1% loss for each 1% that the lesser-performing index declines beyond 20%
|
| Initial index levels: | 1,998.05 for EAFE, 1,188.35 for EM and 3,432.07 for Stoxx
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | Nov. 13
|
| Settlement date: | Nov. 18
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.475%
|
| Cusip: | 40057EFX0
|
|
|
© 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.
