By Jennifer Chiou
New York, March 17 – Goldman Sachs Group, Inc. priced $3,195,000 of 0% index-linked trigger notes due Sept. 21, 2016 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 77.5% of the initial level on every day during the life of the notes and the final index level is at least 77.5% of the initial level, the payout at maturity will be par plus the greater of zero and the index return.
If the index closes below the 77.5% trigger level on any day during the life of the notes or the final index level is less than 77.5% of the initial level, investors will receive par plus the index return, with full exposure to losses.
The final index level will be the average of the closing index levels on the five trading dates ending Sept. 16, 2016.
Goldman Sachs & Co. is the underwriter. J.P. Morgan Securities LLC is the placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,195,000
|
| Maturity: | Sept. 21, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes at or above trigger level on every day during life of notes and finishes at or above trigger level, par plus greater of zero and index return; if index closes below trigger level during life of notes or finishes below trigger level, par plus index return, with exposure to losses
|
| Initial index level: | 2,053.40
|
| Trigger level: | 77.5% of initial level
|
| Pricing date: | March 13
|
| Settlement date: | March 18
|
| Underwriter: | Goldman Sachs & Co.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.4%
|
| Cusip: | 38147QWV4
|
|
|
© 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.
