By Marisa Wong
Los Angeles, April 24 – GS Finance Corp. priced $240,000 of 0% leveraged buffered index-linked notes due April 13, 2022 tied to the Nasdaq-100 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 18.5%.
If the index finishes flat or falls by up to 10%, investors will receive par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | Nasdaq-100 index
|
Amount: | $240,000
|
Maturity: | April 13, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2 times any index gain, capped at par plus 18.5%; par if index finishes flat or falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
Initial index level: | 8,229.542
|
Pricing date: | April 8
|
Settlement date: | April 13
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 1.225%
|
Cusip: | 40056YXU3
|
|
© 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.