By Sarah Lizee
Olympia, Wash., March 4 – GS Finance Corp. priced $7.3 million of 0% leveraged buffered notes due Sept. 30, 2020 linked to the iShares MSCI EAFE 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 plus 200% of any ETF gain, capped at par plus 19.8%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying ETF: | iShares MSCI EAFE exchange-traded fund
|
| Amount: | $7.3 million
|
| Maturity: | Sept. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 200% of any ETF gain, capped at par plus 19.8%; par if ETF declines by 10% or less; 1% loss for every 1% drop beyond 10%
|
| Initial level: | $64.27
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agents: | Goldman Sachs & Co.
|
| Fees: | 0.15%
|
| Cusip: | 40056EXM5
|
© 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.
