By William Gullotti
Buffalo, N.Y., July 22 – GS Finance Corp. priced $23.03 million of 0% market-linked notes due July 20, 2027 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The securities are guaranteed by Goldman Sachs Group, Inc.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index gain, subject to a maximum payout of par plus 53.05%.
If the index finishes flat or declines, investors will receive par.
Goldman Sachs & Co. LLC is the agent. UBS Financial Services Inc. is the selling agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Market-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $23,027,000
|
Maturity: | July 20, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain capped at 53.05%; par if index finishes flat or falls
|
Initial index level: | 3,863.16
|
Strike date: | July 15
|
Pricing date: | July 19
|
Settlement date: | July 21
|
Agent: | Goldman Sachs & Co. LLC
|
Selling agent: | UBS Financial Services Inc.
|
Fees: | 3.5%
|
Cusip: | 40057MLU1
|
|
© 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.