By Wendy Van Sickle
Columbus, Ohio, Oct. 7 – GS Finance Corp. priced $1.38 million of 0% leveraged buffered index-linked notes due Sept. 30, 2021 tied 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 positive, the payout at maturity will be par plus 1.25 times the index return, subject to a maximum settlement amount of $1,195 per $1,000 principal amount of notes.
If the index return is zero or negative but not less than negative 15%, the payout will be par.
Investors will lose 1% for every 1% decline in the index beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.38 million
|
| Maturity: | Sept. 30, 2021
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 1.25 times the index return, subject to a maximum settlement amount of $1,195 per $1,000 principal amount; if index falls by up to 15%, par; 1% loss for every 1% decline in the index beyond 15%
|
| Initial index level: | 2,976.74
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.55%
|
| Cusip: | 40056XF43
|
|
|
|
|
© 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.
