By Sarah Lizee
Olympia, Wash., Aug. 20 – GS Finance Corp. priced $750,000 of 0% buffered index-linked notes due Sept. 1, 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 zero or positive, the payout at maturity will be par.
If the index return is negative by up to 25%, the payout will be par plus the absolute value of the index return.
If the index declines by more than 25%, investors will lose 1.3333% per 1% decline beyond 25%.
Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $750,000
|
| Maturity: | Sept. 1, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par; if the index return is negative by up to 25%, par plus the absolute value of the index return; if the index declines by more than 25%, 1.3333% loss per 1% decline beyond 25%
|
| Initial index levels: | 3,372.85
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Aug. 14
|
| Settlement date: | Aug. 19
|
| Agent: | Goldman Sachs & Co. LLC
|
| Placement agent: | JPMorgan
|
| Fees: | 1.1%
|
| Cusip: | 40057CN98
|
|
|
© 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.
