By Marisa Wong
Morgantown, W.Va., July 16 – GS Finance Corp. priced $952,000 of 0% buffered digital notes due June 29, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,220 per $1,000 principal amount, and par plus the index return.
If the index return is at least negative 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline in the index beyond 20%.
Goldman, Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered digital notes
|
Underlying index: | Dow Jones industrial average
|
Amount: | $952,000
|
Maturity: | June 29, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index return is zero or positive, par plus greater of 22% and index return; if the index return is at least negative 20%, par; otherwise, 1% loss for every 1% decline in the index beyond 20%
|
Initial index level: | 24,283.11
|
Pricing date: | June 26
|
Settlement date: | June 29
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 4.35%
|
Cusip: | 40055QD58
|
|
© 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.