By Kiku Steinfeld
Chicago, Sept. 20 – GS Finance Corp. priced $1.15 million of 0% capped trigger gears due June 28, 2024 linked to the Russell 2000 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 positive, the payout at maturity will be par plus 2 times the index gain, capped at $13.10 per $10 face amount of notes.
If the index finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped trigger gears
|
| Underlying index: | Russell 2000
|
| Amount: | $1,145,000
|
| Maturity: | June 28, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 31%; par if index finishes at or below the initial level but at or above downside threshold; otherwise, full exposure to index decline
|
| Initial index level: | 2,334.396
|
| Downside threshold: | 1,750.797; 75% of initial level
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Underwriter: | Goldman, Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | None
|
| Cusip: | 36260Y773
|
|
|
|
|
© 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.
