By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $2.91 million of 0% leveraged index-linked notes due Jan. 22, 2029 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 112.75% of the return.
Investors will gain 1% for each 1% decline if the index declines but finishes at or above its 80% trigger level and lose 1% for each 1% decline if it finishes below trigger level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Issue: | Leveraged index-linked notes
|
Underlying index: | Russell 2000 index
|
Amount: | $2.91 million
|
Maturity: | Jan. 22, 2029
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is positive, par plus 112.75% of the return; if the index falls by no more than 20%, par plus the absolute value of the return; otherwise, full exposure to decline of index from initial level
|
Initial index level: | 1,913.166
|
Trigger level: | 80% of initial level
|
Pricing date: | Jan. 17
|
Settlement date: | Jan. 22
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 3.25%
|
Cusip: | 40057XVP7
|
|
© 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.