By Wendy Van Sickle
Columbus, Ohio, Nov. 16 – GS Finance Corp. priced $4.64 million of 0% buffered digital notes due Aug. 12, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by the Goldman Sachs Group, Inc.
If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of 10% and the index return, subject to a maximum of 18.26%. Investors will receive par if the index falls by up to 15% and will lose 1.1765% for every 1% that the index declines beyond 15%.
Goldman Sachs & Co. LLC. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered digital notes
|
Underlying index: | Nasdaq-100 index
|
Amount: | $4.64 million
|
Maturity: | Aug. 12, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of 10% and the index return, subject to a maximum of 18.26%; par if index falls by up to 15%; 1.1765% loss for every 1% index decline beyond 15%
|
Initial index level: | 11,624.29
|
Buffer level: | 85% of initial level
|
Pricing date: | Nov. 10
|
Settlement date: | Nov. 18
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 1.29%
|
Cusip: | 40057EK63
|
|
© 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.