By Kiku Steinfeld
Chicago, Dec. 13 – GS Finance Corp. priced $311,000 of 0% underlier-linked notes due $311,000 linked to the S&P 500 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 1.1 times the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines below the 10% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | S&P 500 index, iShares MSCI Emerging Markets ETF
|
| Amount: | $311,000
|
| Maturity: | Dec. 29, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times any gain in lesser-performing asset; par if either index falls but neither falls by more than 10%; 1% loss for every 1% decline in lesser-performing asset below the buffer
|
| Initial values: | $79.79 for ETF, 4,690.70 for index
|
| Buffer level: | 90% of initial levels
|
| Pricing date: | Nov. 23
|
| Settlement date: | Nov. 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.43%
|
| Cusip: | 40057K6W8
|
|
|
© 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.
