By Sarah Lizee
Olympia, Wash., Jan. 2 – GS Finance Corp. priced $344,000 of 0% notes due July 1, 2022 linked to the iShares MSCI EAFE exchange-traded fund and 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.
If each ETF return is zero or positive, the payout at maturity will par plus 2.3 times the laggard ETF return.
If the laggard ETF falls by up to 30%, the payout will be par.
If the laggard ETF falls by more than 30%, investors will be fully exposed to the decline of the laggard ETF.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | ETF-linked notes
|
| Underlying ETFs: | iShares MSCI Emerging Markets ETF, iShares MSCI EAFE exchange-traded fund
|
| Amount: | $344,000
|
| Maturity: | July 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If laggard ETF return is zero or positive, par plus 2.3 times laggard ETF return; if laggard ETF falls by up to 30%, par; otherwise, full exposure to losses of laggard ETF
|
| Initial values: | $58.69 for EAFE, $39.24 for Emerging Markets
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.96%
|
| Cusip: | 40056EME5
|
© 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.
