By Angela McDaniels
Tacoma, Wash., March 12 – GS Finance Corp. priced $3.45 million of 0% capped buffer gears due March 11, 2021 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 greater than zero, the payout at maturity will be par of $10 plus two times the index return, subject to a maximum return of 18%. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index may decline beyond 10%.
Goldman Sachs & Co. LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
|
| Issue: | Capped buffer gears
|
| Underlying index: | S&P 500
|
| Amount: | $3,451,000
|
| Maturity: | March 11, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus two times index return, subject to 18% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
| Initial level: | 2,743.07
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 2.15%
|
| Cusip: | 36257D204
|
© 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.
