New Issue: Goldman prices $2.88 million absolute return notes linked to S&P 500

By Susanna Moon

Chicago, April 22 – Goldman Sachs Group, Inc. priced $2.88 million of 0% notes due Oct. 26, 2016 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 the initial level, the payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,145.50 for each $1,000 principal amount.

If the index finishes at or above the 85.45% trigger level, the payout will be par plus the absolute return.

Otherwise, the payout will be par plus the index return, with full exposure to any losses.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Notes
Underlying index:	S&P 500
Amount:	$2,875,000
Maturity:	Oct. 26, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return capped at 14.55%; if finishes at or above trigger level, par plus absolute return; otherwise, par plus return with full exposure to any losses
Initial level:	2,081.18
Trigger level:	85.45% of initial level
Pricing date:	April 17
Settlement date:	April 22
Underwriter:	Goldman Sachs & Co.
Fees:	1.4%
Cusip:	38147QZC3

© 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.