New Issue: GS Finance prices $8.22 million dual directional trigger PLUS on Stoxx

New York, Sept. 15 – GS Finance Corp. priced $8.22 million of 0% dual directional trigger PLUS due Sept. 3, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 52.3%. Investors will receive a 1% gain for each 1% loss if the index declines but finishes above the principal barrier and they will lose 1% for every 1% decline if the index ends below its principal barrier.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Dual directional trigger PLUS
Underlying index:	Euro Stoxx 50 index
Amount:	$8,218,000
Maturity:	Sept. 3, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 200% of index return subject to a maximum return of par plus 52.3%; 1% gain for each 1% loss if index declines but ends above principal barrier; full exposure to loss if index ends below principal barrier
Initial level:	4,297.11
Principal barrier:	3,437.688, or 80% of initial level
Upside leverage:	200%
Cap:	52.3%
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Underwriter:	Goldman Sachs & Co. LLC
Dealer:	Morgan Stanley Wealth Management
Fees:	3.00%
Cusip:	40057TUR3

© 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.