By Toni Weeks
San Luis Obispo, Calif., April 7 – Goldman Sachs Group, Inc. priced $580,000 of 0% notes due April 20, 2016 linked to the JPX-Nikkei Index 400, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be (i) 99.5% times (ii) par plus the index return.
Investors will be exposed to any losses and will lose a portion of their investment if the index does not increase by at least an amount slightly in excess of 0.5025%.
The final index level will be the average of the index levels on the five trading days ending April 15, 2016.
Goldman Sachs & Co. is the underwriter with J.P. Morgan Securities LLC as placement agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying index: | JPX-Nikkei 400
|
| Amount: | $580,000
|
| Maturity: | April 20, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | (i) 99.5% times (ii) par plus index return
|
| Initial index level: | 14,126.63
|
| Final index level: | Average of index’s closing levels on five trading days ending April 15, 2016
|
| Pricing date: | April 2
|
| Settlement date: | April 8
|
| Underwriter: | Goldman Sachs & Co.
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85%
|
| Cusip: | 38147QYC4
|
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