By Susanna Moon
Chicago, May 13 - Goldman Sachs Group, Inc. priced $5.25 million of 0% digital leveraged index-linked notes due Nov. 17, 2016 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be the greater of the threshold settlement amount of $1,230 per $1,000 principal amount and par plus 1.2 times any index gain, up to the maximum settlement amount of $1,600 per $1,000 of notes.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% index decline beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Digital leveraged index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $5.25 million
|
| Maturity: | Nov. 17, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 1.2 times the return, floor of 23% and capped at 60%; par if index falls by 10% or less; otherwise, 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | 966.26
|
| Buffer level: | 90% of initial level
|
| Pricing date: | May 9
|
| Settlement date: | May 16
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.03%
|
| Cusip: | 38141GTS3
|
© 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.
