By Sarah Lizee
Olympia, Wash., June 3 – GS Finance Corp. priced $8.88 million of 0% capped buffer gears due May 28, 2021 linked to the S&P 500 index, 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 greater than zero, the payout at maturity will be par of $10 plus 2 times the index return, capped at $11.665 per $10 note. Investors will receive par if the index declines by 10% or less and lose 1% for every 1% that the index may decline beyond 10%.
Goldman Sachs & Co. is the underwriter. UBS Financial Services Inc. is acting as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
|
| Issue: | Capped buffer gears
|
| Underlying index: | S&P 500
|
| Amount: | $8,881,300
|
| Maturity: | May 28, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2 times index return, capped at $11.665 per $10 note; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
|
| Initial level: | 2,802.39
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Selling agent: | UBS Financial Services Inc.
|
| Fees: | 2.15%
|
| Cusip: | 36257D634
|
© 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.
