By Angela McDaniels
Tacoma, Wash., April 2 – GS Finance Corp. priced $3.6 million of 0% leveraged buffered notes due March 29, 2024 linked to the iShares Russell 1000 Value 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 ETF return is positive, the payout at maturity will be par plus 145% of the ETF return. Investors will receive par if the ETF falls by up to 20% and lose 1% for every 1% that the ETF declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying ETF: | iShares Russell 1000 Value ETF
|
| Amount: | $3.6 million
|
| Maturity: | March 29, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 145% of ETF return; par if ETF falls by up to 20%; 1% loss for every 1% decline in ETF beyond 20%
|
| Initial share price: | $122.99
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.1%
|
| Cusip: | 40056F2K0
|
© 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.
