By Wendy Van Sickle
Columbus, Ohio, Nov. 21 – GS Finance Corp. priced $8.73 million of 0% market-linked notes due Nov. 18, 2027 linked to the Dow Jones industrial average, according to a 424B2 with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 1.1 times the index gain, subject to a maximum payout of par plus 70.7%.
If the index finishes flat or declines, investors will receive par.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. acting as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $8,729,000
|
| Maturity: | Nov. 18, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times any index gain, capped at 70.7%; par if index finishes flat or falls
|
| Initial index level: | 33,592.92
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 18
|
| Agent: | Goldman Sachs & Co. LLC
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 40057NUM7
|
|
|
|
|
© 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.
