By Wendy Van Sickle
Columbus, Ohio, Sept. 23 – GS Finance Corp. priced $400,000 of 0% ETF-linked notes due Oct. 6, 2026 linked to the lesser performing of the VanEck Vectors Gold Miners ETF and the iShares Silver Trust, according to a 4142B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each ETF finishes at or above its initial value, the payout at maturity will be par plus 1.25 times the return of the lesser performing ETF.
If either ETF falls but neither falls by more than 10%, the payout will be par.
Otherwise, investors will be exposed to the decline of the lesser performing ETF beyond 10%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | ETF-linked notes
|
| Underlying funds: | VanEck Vectors Gold Miners ETF and iShares Silver Trust
|
| Amount: | $400,000
|
| Maturity: | Oct. 6, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both funds finish at or above initial values, par plus 1.25 times return of lesser performing fund; if lesser performing fund falls by up to 10%, par; otherwise, exposure to decline of worse performer beyond 10%
|
| Initial values: | $24.55 for silver ETF and $34.42 for gold ETF
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | July 2
|
| Settlement date: | July 8
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 40057HTY6
|
|
|
© 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.
