By Sarah Lizee
Olympia, Wash., March 6 – GS Finance Corp. priced $2 million of 0% capped buffer in-gears due July 6, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of the lesser-performing index is greater than negative 12%, the payout at maturity will be par plus the lesser of 1.4 times the sum of the lesser-performing index’s return and 12%, subject to a maximum return of 56%.
If the return of the lesser-performing index is less than negative 12%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 12%.
Goldman Sachs & Co. and UBS Financial Services Inc. are the agents.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Capped buffer in-gears
|
Underlying indexes: | S&P 500 and Russell 2000
|
Amount: | $2 million
|
Maturity: | July 6, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If lesser-performing index’s return is greater than negative 12%, par plus lesser of 1.4 times sum of lesser-performing index’s return and 12%, subject to 56% maximum return; if lesser-performing index’s return is less than negative 12%, 1% loss for every 1% that lesser-performing index declines beyond 12%
|
Initial index levels: | Average of closing levels on each day from March 1 to May 30
|
Pricing date: | March 4
|
Settlement date: | March 7
|
Agent: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
Fees: | 1.05%
|
Cusip: | 36257D279
|
© 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.