By Cady Vishniac
Detroit, Jan. 11 – GS Finance Corp. priced $500,000 of 0% equity-linked trigger notes due Jan. 12, 2022 linked to the American depository shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the final stock price is equal to or greater than 80% of the initial price, the payout at maturity will be par plus 18.85%.
Otherwise, investors will be fully exposed to the decline of the stock from its initial price.
Goldman Sachs & Co. LLC is the underwriter, and JPMorgan acting as the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked trigger notes
|
| Underlying stock: | Alibaba Group Holding Ltd.
|
| Amount: | $500,000
|
| Maturity: | Jan. 12, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final stock price is equal to or greater than trigger buffer level, par plus 18.85%; otherwise, investors will be fully exposed to the decline of the stock from its initial price
|
| Initial stock level: | $222
|
| Trigger buffer level: | 80% of initial level
|
| Strike date: | Dec. 24
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Underwriter: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.1%
|
| Cusip: | 40057EZR1
|
|
|
© 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.
