By Kiku Steinfeld
Chicago, Nov. 16 – GS Finance Corp. priced $1 million of 0% buffered index-linked notes due Nov. 12, 2021 based on the performance of the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus any index gain, up to the maximum settlement amount of $1,107 per each $1,000 principal amount of notes.
Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% decline beyond 15%.
Goldman, Sachs & Co. LLC is the agent. J.P. Morgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1 million
|
| Maturity: | Nov. 12, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 10.7%; 1.1765% loss for every 1% decline beyond 15%
|
| Initial level: | 1,605.209
|
| Buffer level: | 85% of initial level
|
| Final level: | Average of index closing levels on five trading days ending Nov. 8, 2021
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 30
|
| Agent: | Goldman, Sachs & Co. LLC
|
| Placement agent: | J.P. Morgan
|
| Fees: | 1.1%
|
| Cusip: | 40057EHH3
|
|
|
© 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.
