By Marisa Wong
Morgantown, W.Va., Feb. 23 – GS Finance Corp. priced $1.56 million of 0% notes due March 1, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be the greater of (a) par of $1,000 plus the index return and (b) the threshold settlement amount of $1,650.
If the index falls by up to 30%, the payout will be par.
If the index falls by more than 30%, the payout will be par plus the index return, will full exposure to losses.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,561,000
|
| Maturity: | March 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus greater of index return and 65%; par if index falls by up to 30%; if index falls by more than 30%, full exposure to any losses
|
| Initial level: | 1,917.78
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 26
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 3.375%
|
| Cusip: | 40054K2D7
|
|
|
© 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.
