By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – GS Finance Corp. priced $315,000 of 0% underlier-linked notes due Feb. 3, 2023 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is zero or positive, the payout at maturity will be par plus the return of the lesser performer.
If the return of each underlier is negative but greater than or equal to negative 25%, the payout will be par.
If either underlier falls by more than 25%, investors will be exposed to the decline of the lesser performer beyond 25%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
| Amount: | $315,000
|
| Maturity: | Feb. 3, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each underlier is zero or positive, par plus the return of the lesser performer; if the return of each underlier is negative but greater than or equal to negative 25%, par; if either underlier falls by more than 25%, exposure to the decline of the lesser performer beyond 25%
|
| Initial levels: | Lowest closing level of each asset on the observation dates, which are the last trading day of each month from January through June 2020
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.905%
|
| Cusip: | 40056XYP5
|
|
|
|
|
© 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.
