New Issue: Goldman Sachs sells $545,000 of buffered notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Oct. 28 – Goldman Sachs Group, Inc. priced $545,000 of 0% buffered notes due Oct. 29, 2020 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 equal to the gain.

Investors will receive par if the index declines by 22% or less and will lose 1% for every 1% that the index declines beyond 22%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$545,000
Maturity:	Oct. 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par for any loss up to 22%; exposure to loss beyond 22%
Initial index level:	2,071.18
Pricing date:	Oct. 26
Settlement date:	Oct. 29
Underwriters:	Goldman, Sachs & Co.
Fees:	3.6%
Cusip:	38148TD48

© 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.