New Issue: Goldman Sachs prices $2.29 million buffered index-linked notes tied to S&P 500 index

By Toni Weeks

San Luis Obispo, Calif., May 6 – Goldman Sachs Group, Inc. priced $2.29 million of 0% buffered index-linked notes due May 9, 2017 tied to the S&P 500 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 the index return, subject to a maximum payment of $1,160.00 per $1,000 principal amount. Investors will receive par if the index falls by up to 17% and lose 1.2048% for every 1% decline in the index beyond 17%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500 index
Amount:	$2,285,000
Maturity:	May 9, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus the index return, subject to maximum payment of $1,160.00 per $1,000 principal amount; par if index falls by up to 17%; 1.2048% loss for every 1% decline in index beyond 17%
Initial index level:	2,114.49
Buffer level:	83% of initial level
Pricing date:	May 4
Settlement date:	May 11
Underwriters:	Goldman Sachs & Co.
Fees:	1.65%
Cusip:	38148W201

© 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.