By William Gullotti
Buffalo, N.Y., Feb. 14 – GS Finance Corp. priced $8.79 million of 0% enhanced trigger jump securities due May 5, 2025 linked to the performance of a West Texas Intermediate light sweet crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the commodity finishes at or above its 70% downside threshold, the payout at maturity will be par plus 18.45%.
Otherwise, investors will be fully exposed to the decline of the commodity from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Enhanced trigger jump securities
|
Underlying commodity: | West Texas Intermediate light sweet crude oil futures contract
|
Amount: | $8,788,000
|
Maturity: | May 5, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the commodity finishes at or above its 70% downside threshold, par plus 18.45%; otherwise, investors will be fully exposed to the decline of the commodity from its initial level
|
Initial level: | $75.85
|
Downside threshold: | $53.095; 70% of initial level
|
Pricing date: | Jan. 31
|
Settlement date: | Feb. 5
|
Underwriter: | Goldman Sachs & Co. LLC
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 40057RRM2
|
|
© 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.