New Issue: GS Finance prices $5.75 million buffered participation securities linked to S&P 500

New York, Aug. 18 – GS Finance Corp. priced $5.75 million of 0% Buffered participation securities due March 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of par plus 17.5%.

Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered participation securities
Underlying index:	S&P 500 index
Amount:	$5,745,140
Maturity:	March 5, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus index return, subject to a maximum return of par plus 17.5%; par if index declines by 15% or less; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:	4,280.15
Buffer:	15%
Cap:	17.5%
Pricing date:	Aug. 12
Settlement date:	Aug. 17
Agent:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	36264Q180

© 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.