By Susanna Moon
Chicago, Jan. 13 – GS Finance Corp. priced $9 million of 0% airbag return optimization securities due Feb. 10, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of $1,127 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 9% and will lose 1.0989% for every 1% decline beyond 9%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman, Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Issue: | Airbag return optimization securities
|
Underlying index: | S&P 500
|
Amount: | $9 million
|
Maturity: | Feb. 10, 2017
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any index gain, capped at 12.7%; par if index declines by 9% or less; 1.0989% loss for every 1% drop beyond 15%
|
Initial level: | 1,943.09
|
Barrier level: | 91% of initial level
|
Pricing date: | Jan. 7
|
Settlement date: | Jan. 12
|
Agent: | Goldman, Sachs & Co.
|
Fees: | 0.6%
|
Cusip: | 36250E225
|
|
|
© 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.