By Marisa Wong
Los Angeles, April 9 – GS Finance Corp. priced $1.64 million of 0% buffered index-linked notes due March 31, 2025 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 finishes above its initial level, the payout at maturity will be par plus the gain.
If the index finishes flat or falls by up to 17%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 17%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $1.64 million
|
Maturity: | March 31, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; par if index finishes flat or falls by up to 17%; otherwise, 1% loss for every 1% decline beyond 17%
|
Initial index level: | 2,630.07
|
Pricing date: | March 26
|
Settlement date: | March 31
|
Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
Fees: | 3.65%
|
Cusip: | 40056YNH3
|
|
© 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.