By Kiku Steinfeld
Chicago, Jan. 17 – GS Finance Corp. priced $1.56 million of 0% leveraged buffered index-linked notes due Nov. 30, 2023 based on the performance of the Euro Stoxx 50 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 par plus 200% of any index gain, up to the maximum settlement amount of $1,186 per $1,000 principal amount of notes.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.
Goldman, Sachs & Co. LLC is the agent. JPMorgan is acting as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,559,000
|
| Maturity: | Nov. 30, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 18.6%; if index falls by up to 15%, par; 1.1765% loss for every 1% decline beyond 15%
|
| Initial index level: | 4,276.25
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Nov. 24
|
| Settlement date: | Nov. 30
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 1.5%
|
| Cusip: | 40057JYV2
|
|
|
|
|
|
|
© 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.
