By Sarah Lizee
Olympia, Wash., Sept. 6 – GS Finance Corp. priced $39,000 of 0% leveraged buffered notes due March 9, 2023 linked to a basket of two indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 60% weight, the iShares MSCI Emerging Markets ETF with a 20% weight and the Nikkei 225 index with a 20% weight.
The payout at maturity will be par plus 185% of any basket gain.
Investors will receive par if the basket falls by up to the 40% trigger buffer and will be fully exposed to the loss if the basket falls by more than 40%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying basket: | Euro Stoxx 50 (60% weight), iShares MSCI Emerging Markets ETF (20% weight) and Nikkei 225 index (20% weight)
|
| Amount: | $39,000
|
| Maturity: | March 9, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 185% of any basket gain; par if the basket falls by up to the 40% trigger buffer; exposure to loss if basket falls by more than 40%
|
| Initial levels: | 3,359.36 for Stoxx, $42.33 for EM ETF, 22,696.90 for Nikkei
|
| Pricing date: | Sept. 4
|
| Settlement date: | Sept. 7
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.95%
|
| Cusip: | 40055QQ62
|
© 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.
