By Kiku Steinfeld
Chicago, Jan. 7 – GS Finance Corp. priced $1.26 million of 0% index-linked notes due Jan. 5, 2024 tied to the Euro Stoxx 50 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index closes at or above 80% of its initial level, the payout will be par the greater of the return of the lesser performing index and 18.7%.
If either index falls below 80% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Euro Stoxx 50 index and MSCI EAFE index
|
Amount: | $1.26 million
|
Maturity: | Jan. 5, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index closes at or above 80% of its initial level, par plus greater of the return of the lesser performing index and 18.7%; if either index falls below 80% of its initial level, par; otherwise, investors will lose 1% for every 1% decline of the lesser performing index
|
Initial index levels: | 3,571.59 for Stoxx, 2,161.48 for EAFE
|
Trigger buffer levels: | 80% of initial levels
|
Pricing date: | Dec. 30
|
Settlement date: | Jan. 5
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.75%
|
Cusip: | 40057EYX9
|
|
© 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.