By Kiku Steinfeld
Chicago, Oct. 16 – GS Finance Corp. priced $115,000 of 0% underlier-linked notes due Oct. 5, 2022 linked to the iShares MSCI EAFE exchange-traded fund 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 return of both underliers is zero or positive, the payout at maturity will be par plus any gain of the lesser-performing underlier, capped at 17.5%.
If one or both underliers fall but both finish above 75% of their respective initial levels, the payout will be par plus the absolute return of the lesser performing underlier.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing underlier.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underliers: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $115,000
|
| Maturity: | Oct. 5, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return of lesser-performing underlier up to 17.5% if both underliers finish at or above initial levels; if lesser-performing underlier falls by up to 25%, par plus absolute return of lesser performing underlier; otherwise, 1% loss for every 1% that lesser-performing underlier declines
|
| Initial levels: | $63.65 for ETF, 3,193.61 for index
|
| Trigger buffer levels: | 75% of initial levels
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.225%
|
| Cusip: | 40057CSQ5
|
© 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.
