New Issue: GS Finance sells $12.04 million buffered index-linked notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 28 – GS Finance Corp. priced $12.04 million of 0% buffered index-linked notes due Sept. 23, 2024 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,205 per $1,000 principal amount of notes.

If the index falls by up to 30%, the payout will be par plus the absolute value of its return.

Otherwise, investors will lose 1% for every 1% decline beyond 30%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$12,041,000
Maturity:	Sept. 23, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at $1,205 per $1,000 principal amount of notes; if index falls by up to 30%, par plus absolute value of return; otherwise, 1% loss for every 1% decline beyond 30%
Initial index level:	3,965.34
Buffer level:	70% of initial level
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057NRP4

© 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.