New Issue: GS Finance prices $3.16 million digital index-linked notes on S&P 500

Chicago, Feb. 1 – GS Finance Corp. priced $3.16 million of 0% digital index-linked notes due June 8, 2022 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 index finishes at or above its threshold level, 85% of initial level, the payout at maturity will be par plus 4.9%. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond the 15% buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,155,000
Maturity:	June 8, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above threshold level, par plus 4.9%; otherwise, 1.1765% loss for every 1% of index decline beyond buffer
Initial index level:	4,073.94
Buffer level:	85% of initial level
Pricing date:	April 6
Settlement date:	April 13
Agent:	Goldman Sachs & Co. LLC
Fees:	0.71%
Cusip:	40057FXP4

© 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.