By Marisa Wong
Los Angeles, April 1 – GS Finance Corp. priced $500,000 of 0% leveraged buffered index-linked notes due March 22, 2024 tied to the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus 2 times the gain, capped at par plus 96%.
If the index finishes flat or falls by up to 5%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 5%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Russell 2000 Value index
|
| Amount: | $500,000
|
| Maturity: | March 22, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 96%; par if index finishes flat or falls by up to 5%; otherwise, 1% loss for every 1% decline beyond 5%
|
| Initial index level: | 1,154.539
|
| Pricing date: | March 19
|
| Settlement date: | March 24
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40056YVV3
|
|
|
© 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.
