By Sarah Lizee
Olympia, Wash., May 14 – GS Finance Corp. priced $1.14 million of 0% index-linked trigger notes due Aug. 12, 2020 based on the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the index is equal to or greater than 82.35% of the initial index level, the payout at maturity will be par plus 8%.
If the final level of the index is less than the 82.35% trigger level, the payout will be par plus the index return with full exposure to any losses.
The final index level will be the average of its levels on Aug. 3, 4, 5, 6 and 7 of 2020.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.14 million
|
| Maturity: | Aug. 12, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of the index is equal to or greater than 82.35% of the initial index level, par plus 8%; if the final level of the index is less than the 82.35% trigger level, par plus the index return with full exposure to losses
|
| Initial index level: | 2,881.40
|
| Trigger level: | 82.35% of initial level
|
| Pricing date: | May 10
|
| Settlement date: | May 15
|
| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.22%
|
| Cusip: | 40056FGV1
|
© 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.
