By Wendy Van Sickle
Columbus, Ohio, Aug. 6 – GS Finance Corp. priced $606,000 of 0% underlier-linked notes due Aug. 4, 2022 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of both underliers is positive, the payout at maturity will be par plus the gain of the lesser-performing underlier up to 23.5%.
If one or both underliers fall, but both finish above 15% of their respective initial levels, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing underlier decline beyond 15%.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Underlier-linked notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $606,000
|
| Maturity: | Aug. 4, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain of lesser performing asset up to 23.5%; par if lesser performing asset falls by up to 15%; exposure to decline of either asset beyond 15%
|
| Initial levels: | $63.40 for ETF, 3,208.2 for index
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 4
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.975%
|
| Cusip: | 40057CHA2
|
|
|
© 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.
