New Issue: Goldman Sachs prices $701,000 buffered notes linked to Dow Jones industrial average

By Toni Weeks

San Luis Obispo, Calif., Aug. 28 – Goldman Sachs Group, Inc. priced $701,000 of 0% buffered index-linked notes due Aug. 29, 2019 tied to the Dow Jones industrial average, 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 the gain.

Investors will receive par if the index falls by up 20% and will share in any losses beyond the 20% buffer level.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$701,000
Maturity:	Aug. 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus gain; par if index falls by up to 20%; exposure to losses beyond 20% buffer
Initial index level:	7,106.7
Buffer level:	20%
Pricing date:	Aug. 26
Settlement date:	Aug. 29
Underwriter:	Goldman Sachs & Co.
Fees:	4.1%
Cusip:	38147QDZ6

© 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.