Published on 9/10/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $4.55 million buffered notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 10 – Goldman Sachs Group, Inc. priced $4.55 million of 0% notes due March 15, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, up to the maximum settlement amount of $1,165 per $1,000 principal amount of notes. Investors will receive par if the index falls by up to 16.5% and will lose 1% for every 1% that it declines beyond 16.5%.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Notes
|
Underlying index: | S&P 500
|
Amount: | $4,546,000
|
Maturity: | March 15, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, up to 16.5% maximum return; if index falls by up to 16.5%, par; 1% loss per 1% drop beyond 16.5%
|
Initial level: | 1,921.22
|
Pricing date: | Sept. 4
|
Settlement date: | Sept. 10
|
Underwriter: | Goldman Sachs & Co. with JPMorgan as placement agent
|
Fees: | 1.4%
|
Cusip: | 38148TDY2
|
|
© 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.