New Issue: GS Finance sells $719,000 leveraged buffered notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., April 18 – GS Finance Corp. priced $719,000 of 0% leveraged buffered index-linked notes due April 2, 2020 tied to 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.

If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum payment of $1,190 per $1,000 principal amount. Investors will receive par if the index falls by up to 10% and lose 1% for every 1% decline in the index beyond 10%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$719,000
Maturity:	April 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to maximum payment of $1,190 per $1,000 principal amount; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
Initial index level:	2,605.00
Pricing date:	March 28
Settlement date:	April 2
Underwriter:	Goldman, Sachs & Co.
Fees:	0.855%
Cusip:	40055ARC3

© 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.