By Taylor Fox
New York, March 23 – GS Finance Corp. priced $4.26 million of 0% buffered index-linked notes due March 16, 2022 based on the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,072.5 per $1,000 principal amount of notes.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman, Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $4,256,000
|
Maturity: | March 16, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at par plus 7.25%; if index falls by up to 20%, par; 1% loss for every 1% decline beyond 20%
|
Initial index level: | 3,898.81
|
Buffer level: | 80% of initial level
|
Pricing date: | March 10
|
Settlement date: | March 15
|
Agent: | Goldman, Sachs & Co. LLC
|
Fees: | 0.35%
|
Cusip: | 40057FJB1
|
|
© 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.