By William Gullotti
Buffalo, N.Y., June 16 – GS Finance Corp. priced $1.69 million of 0% index-linked notes due June 25, 2024 linked to 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.
A trigger event will occur if the index closes above its 110% upper barrier or below its 80% lower barrier on any trading day during the life of the notes.
If a trigger event has occurred, the payout at maturity will be par.
If a trigger event does not occur, investors will receive par plus 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,694,000
|
| Maturity: | June 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If a trigger event does not occur, par plus 20%; if a trigger event occurs, par
|
| Trigger event: | Occurs if index closes above upper barrier or below lower barrier on any trading day during the life of the notes
|
| Initial level: | 4,298.86
|
| Upper barrier: | 110% of initial level
|
| Lower barrier: | 80% of initial level
|
| Pricing date: | June 9
|
| Settlement date: | June 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057TAG9
|
|
|
© 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.
