New Issue: Goldman Sachs sells $486,000 trigger notes on Energy Select Sector fund

By Marisa Wong

Madison, Wis., May 28 – Goldman Sachs Group, Inc. priced $486,000 of 0% trigger notes due May 25, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above 80% of the initial level, the payout at maturity will be par plus 1.25 times the fund return, subject to a floor of par and a maximum settlement amount of $1,375 per $1,000 principal amount.

Otherwise, the payout will be par plus the fund return with full exposure to losses.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$486,000
Maturity:	May 25, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If fund finishes at or above 80% of initial level, par plus 1.25 times fund return, subject to a floor of par and a maximum settlement amount of $1,375 per $1,000 principal amount; otherwise, par plus fund return with full exposure to losses
Initial price:	$80.20
Pricing date:	May 22
Settlement date:	May 28
Underwriter:	Goldman Sachs & Co.
Fees:	3.675%
Cusip:	38148T3F4

© 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.