New Issue: GS Finance prices $1.74 million buffered digital notes on S&P 500

By Kiku Steinfeld

Chicago, July 15 – GS Finance Corp. priced $1.74 million of 0% buffered digital index-linked notes due Nov. 29, 2024 linked 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 final level of the index is greater than or equal to its final buffer value, 85% of its initial level, the payout at maturity will be $1,135 per each $1,000 face amount of notes.

Otherwise, investors will lose 1% 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 index-linked notes
Underlying index:	S&P 500 index
Amount:	$1,744,000
Maturity:	Nov. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 85% of its initial level, $1,135 per $1,000 face amount; if the index falls by more than 15%, 1% loss for every 1% decline beyond 15%
Initial index level:	4,188.13
Buffer value:	85% of initial level
Pricing date:	May 25
Settlement date:	May 28
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.93%
Cusip:	40057H5V8

© 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.