By William Gullotti
Buffalo, N.Y., May 1 – GS Finance Corp. priced $1.08 million of 0% leveraged buffered ETF-linked notes due April 24, 2026 tied to the iShares MSCI EAFE ETF, 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’s gain.
If the ETF return is flat or falls by up to 25%, investors will receive par. Investors will lose 1% for every 1% decline beyond 25%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged buffered ETF-linked notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1,079,000
|
| Maturity: | April 24, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 101% of the ETF gain; if ETF return is flat or falls by up to 25%, par; otherwise, 1% loss for every 1% decline beyond 25%
|
| Initial ETF level: | $73.63
|
| Buffer level: | 75% of initial level
|
| Pricing date: | April 21
|
| Settlement date: | April 26
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40057RJG4
|
|
|
© 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.
