By Marisa Wong
Morgantown, W.Va., Oct. 6 – GS Finance Corp. priced $13.16 million of 0% capped gears notes due Dec. 3, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum settlement amount of $11.70.
Investors will lose 1% for each 1% decline.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped gears
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $13,164,000
|
| Maturity: | Dec. 3, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any fund gain, up to a maximum settlement amount of $11.70; 1% for each 1% fund decline
|
| Initial price: | $44.30
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 2.1%
|
| Cusip: | 36253M802
|
|
|
© 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.
