By Marisa Wong
Morgantown, W.Va., May 22 – GS Finance Corp. priced $13.05 million of 0% buffered digital notes due May 7, 2024 linked to 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 index return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,560 per $1,000 principal amount, and par plus the index return.
If the index return is at least negative 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline in the index beyond 25%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $13.05 million
|
| Maturity: | May 7, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus the greater of the index return and 56%; if the index return is at least negative 25%, par; otherwise, 1% loss for every 1% decline in the index beyond 25%
|
| Initial index level: | 3,514.62
|
| Pricing date: | April 30
|
| Settlement date: | May 7
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 3.35%
|
| Cusip: | 40056FD51
|
|
|
© 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.
