By Kiku Steinfeld
Chicago, Oct. 19 – GS Finance Corp. priced $492,000 of 0% index-linked notes due Oct. 3, 2025 tied to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.05 times the lesser-performing index’s return. The initial level of each index will be the lowest of the closing levels of that index on Sept. 30, Oct. 30 and Nov. 30.
If either index finishes below its initial level by up to 30%, the payout will be par.
Otherwise, investors will be exposed to the decline of the lesser-performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500 index and Dow Jones industrial average
|
Amount: | $492,000
|
Maturity: | Oct. 3, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus 1.05 times the lesser-performing index’s return; if either index finishes below its initial level by up to 30%, par; otherwise, investors will be exposed to the decline of the lesser-performing index
|
Initial index levels: | For each index, the lowest of its closing levels on Sept. 30, Oct. 30 and Nov. 30
|
Trigger buffer levels: | 70% of initial levels
|
Pricing date: | Sept. 30
|
Settlement date: | Oct. 5
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 1.26%
|
Cusip: | 40057CWF4
|
© 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.