By Marisa Wong
Morgantown, W.Va., Nov. 2 – GS Finance Corp. priced $215,000 of 0% leveraged basket-linked notes due Oct. 29, 2021 tied to an equally weighted basket of the S&P 500 index and 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.
If the basket return is positive, the payout at maturity will be par plus 160% of the gain.
If the basket finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged basket-linked notes
|
| Underlying basket: | S&P 500 index (50% weight), Euro Stoxx 50 index (50% weight)
|
| Amount: | $215,000
|
| Maturity: | Oct. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.6 times any basket gain; par if basket finishes flat or falls by up to 25%; otherwise, full exposure to losses
|
| Initial index levels: | 2,658.69 for S&P and 3,134.89 for Stoxx
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 2.675%
|
| Cusip: | 40056E7A0
|
|
|
© 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.
