By Kiku Steinfeld
Chicago, Oct. 16 – GS Finance Corp. priced $675,000 of 0% buffered digital index-linked notes due Sept. 30, 2021 tied to 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 the index return is greater than or equal to 121% of its initial level, the payout at maturity will be par plus 21%.
If the index return is greater than or equal to negative 15% but less than 21%, the payout will be the greater of the $1,080 threshold settlement amount per $1,000 of notes and par plus the index return.
If the index return is below negative 15%, investors will lose 1% for every 1% decline of the index beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $675,000
|
| Maturity: | Sept. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to 121% of initial level, par plus 21%; if index return is greater than or equal to negative 15% but less than 21%, the payout will be the greater of par plus 8% and par plus the index return; 1% loss for every 1% index decline beyond 15%
|
| Initial index level: | 3,513.03
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Underwriter: | Goldman, Sachs & Co. LLC
|
| Fees: | 1.925%
|
| Cusip: | 40056XAP1
|
|
|
|
|
© 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.
