New Issue: Goldman Sachs prices $3.5 million digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Nov. 18 – Goldman Sachs Group, Inc. priced $3.5 million of 0% digital notes due Nov. 16, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be $1,103 per $1,000 principal amount of notes. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$3.5 million
Maturity:	Nov. 16, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,103 per $1,000 principal amount of notes; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
Initial index level:	2,045.97
Pricing date:	Nov. 12
Settlement date:	Nov. 19
Underwriter:	Goldman Sachs & Co.
Fees:	1.65%
Cusip:	38148TJ83

© 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.