New York, July 11 – GS Finance Corp. priced $2.11 million of 0% leveraged buffered index-linked notes due July 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus the return of the index, subject to a maximum payout of par plus 25.25%.
The payout will be par if the index declines by no more than 20%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,113,000
|
| Maturity: | July 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus index return capped at 25.25%; par if index declines by no more than 20%; otherwise, full exposure to decline below buffer
|
| Initial level: | 125.25
|
| Cap: | 25.25%
|
| Buffer: | 20%
|
| Pricing date: | June 28
|
| Settlement date: | July 1
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.25%
|
|
|
| Cusip: | 40057MHA0
|
|
|
|
|
© 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.
