By William Gullotti
Buffalo, N.Y., Aug. 10 – GS Finance Corp. priced $4.5 million of 0% market-linked securities – contingent fixed return and fixed percentage buffered downside due Aug. 4, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 90% threshold, the payout at maturity will be par plus 17.1%.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 10%.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – contingent fixed return and fixed percentage buffered downside
|
| Underlying: | S&P 500 index
|
| Amount: | $4.5 million
|
| Maturity: | Aug. 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above threshold level, par plus 17.1%; otherwise, 1% loss for every 1% decline of index beyond 10%
|
| Initial level: | 4,576.73
|
| Threshold level: | 90% of initial level
|
| Pricing date: | Aug. 1
|
| Settlement date: | Aug. 4
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 1.575%
|
| Cusip: | 40057TMQ4
|
|
|
© 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.
