By William Gullotti
Buffalo, N.Y., July 23 – GS Finance Corp. priced $1.28 million of 0% underlier-linked notes due July 20, 2026 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each underlier finishes at or above its initial value, the payout at maturity will be par plus 2.43 times the return of the lesser-performing underlier.
If either underlier falls but neither falls by more than 35%, the payout will be par.
Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier declines from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Underlier-linked notes
|
Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
Amount: | $1,276,000
|
Maturity: | July 20, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 2.43 times any gain in lesser-performing asset; par if either underlier falls but neither falls by more than 35%; 1% loss for every 1% decline in lesser-performing asset from initial level
|
Initial values: | $78.90 for ETF, 4,056.39 for index
|
Barrier level: | 65% of initial levels
|
Pricing date: | July 15
|
Settlement date: | July 20
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.5%
|
Cusip: | 40057HV98
|
|
© 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.