By Marisa Wong
Los Angeles, Sept. 8 – GS Finance Corp. priced $305,000 of 0% index-linked notes due Aug. 31, 2026 tied to the BlackRock Dynamic Factor index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be the greater of (i) par and (ii) par plus 1.25 times the aggregate of, for each of the six annual observation periods, the sum of that annual observation period’s 11 lowest monthly index returns.
For any monthly observation date, the index return is the quotient of (i) the closing level of the index on that observation date minus the reset index level divided by (ii) the reset index level. The reset index level is the closing level of the index on the immediately preceding observation date.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | BlackRock Dynamic Factor index
|
| Amount: | $305,000
|
| Maturity: | Aug. 31, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Greater of (i) par and (ii) par plus 1.25 times the aggregate of, for each of the annual observation periods, the sum of that annual observation period’s 11 lowest monthly index returns
|
| Initial index level: | 1,047.53
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 3.505%
|
| Cusip: | 40057CM73
|
|
|
© 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.
