By Kiku Steinfeld
Chicago, Jan. 14 – GS Finance Corp. priced $5 million of 0% buffered index-linked notes Jan. 12, 2022
tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index closes above its initial level, the payout at maturity will be par plus 15%.
If the index finishes flat or falls by up to 11.1%, investors will receive par. Otherwise, investors will lose 1.1249% for every 1% index decline beyond 11.1%.
Goldman Sachs & Co. LLC is the agent with J.P. Morgan Securities LLC acting as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | buffered index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $5 million
|
| Maturity: | Jan. 12, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes above initial level, par plus 15%; if index finishes flat or falls by 11.1%, par; otherwise, 1.1249% loss for every 1% decline beyond 11.1%
|
| Initial index level: | 2,057.920
|
| Buffer level: | 88.9% of initial level
|
| Pricing date: | Jan. 7
|
| Settlement date: | Jan. 14
|
| Agent: | Goldman Sachs & Co. LLC with J.P. Morgan Securities LLC as placement agent
|
| Fees: | 0.15%
|
| Cusip: | 40057F3K8
|
© 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.
