New Issue: GS Finance prices $1.26 million buffered digital notes on Euro Stoxx 50

Chicago, July 22 – GS Finance Corp. priced $1.26 million of 0% buffered digital index-linked notes due July 24, 2025 linked 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 final level of the index is greater than or equal to its initial level, the payout at maturity will be the greater of par plus the index return and par plus 43.3%.

If the index declines but finishes at or above its 90% buffer value, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	Euro Stoxx 50 index
Amount:	$1,262,000
Maturity:	July 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to its initial level, the greater of par plus the index return and par plus 43.3%; if the index falls up to 10%, par; if the index falls by more than 10%, 1 % loss for every 1% decline beyond 10%
Initial index level:	3,587.44
Buffer value:	90% of initial level
Pricing date:	July 19
Settlement date:	July 22
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.1%
Cusip:	40057MPM5

© 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.