New Issue: GS Finance prices $310,000 trigger notes on Regional Banking ETF

By Wendy Van Sickle

Columbus, Ohio, Feb. 15 – GS Finance Corp. priced $310,000 of 0% trigger notes due Feb. 27, 2019 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the fund finishes at or above 85% of the initial level, the payout at maturity will be par plus the greater of (a) the fund return, up to a maximum settlement amount of $1,238 per $1,000 note, and (b) zero.

If the fund finishes below 85% of the initial level, investors will lose 1% for each 1% decline below the initial level.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger notes
Underlying fund:	SPDR S&P Regional Banking ETF
Amount:	$310,000
Maturity:	Feb. 27, 2019
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the fund finishes at or above 85% of the initial level, par plus the greater of (a) the fund return, capped at 36%, and (b) 0%; otherwise, investors will lose 1% for each 1% decline below the initial level
Initial price:	$60.05
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Agent:	Goldman, Sachs & Co.
Fees:	1.1%
Cusip:	40055AL88

© 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.