By Marisa Wong
Morgantown, W.Va., April 17 – GS Finance Corp. priced $10.6 million of 0% buffered index-linked notes due Aug. 9, 2019 tied 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 positive, the payout at maturity will be par plus the index return, subject to a maximum payment of $1,240 per $1,000 principal amount. Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline in the index beyond 15%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $10.6 million
|
Maturity: | Aug. 9, 2019
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at 24%; par if the index falls by up to 15%; 1.1765% loss for every 1% decline in the index beyond 15%
|
Initial index level: | 2,357.49
|
Pricing date: | April 6
|
Settlement date: | April 13
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 1.645%
|
Cusip: | 40054L6H2
|
|
© 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.