By Marisa Wong
Los Angeles, July 29 – GS Finance Corp. priced $3.27 million of 0% leveraged buffered index-linked notes due July 25, 2024 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 return is positive, the payout at maturity will be par plus 2 times the index gain, subject to a maximum settlement amount of $1,230 per $1,000 principal amount.
If the index finishes flat or falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond the 20% buffer.
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: | $3.27 million
|
| Maturity: | July 25, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 23%; par if index finishes flat or falls by up to 20%; otherwise, 1% loss for every 1% drop beyond 20%
|
| Initial level: | 3,961.63
|
| Pricing date: | July 22
|
| Settlement date: | July 27
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.8%
|
| Cusip: | 40057MKX6
|
|
|
© 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.
