By William Gullotti
Buffalo, N.Y., Dec. 9 – GS Finance Corp. priced $5.75 million of 0% leveraged buffered index-linked notes due Dec. 6, 2023 tied to the Euro Stoxx 50 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, investors will receive par plus 1.154 times the index gain.
If the index return is flat or falls by up to 22%, investors will lose 1% for every 1% decline with losses capped at 5%.
Otherwise, investors will lose 5% and an additional 1.2179% loss for every 1% decline beyond 22%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $5.75 million
|
| Maturity: | Dec. 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.154 times the index gain; if index return is flat or falls by up to 22%, investors will lose 1% for every 1% decline with losses capped at 5%; investors will lose 5% and an additional 1.2179% loss for every 1% decline beyond 22%
|
| Initial index level: | 4,080.15
|
| Buffer level: | 78% of initial level
|
| Pricing date: | Dec. 3
|
| Settlement date: | Dec. 10
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.3%
|
| Cusip: | 40057KFF5
|
|
|
© 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.
