By William Gullotti
Buffalo, N.Y., Aug. 12 – GS Finance Corp. priced $8.89 million of 0% index-linked notes due July 31, 2025 linked to the performance of the S&P 500 Daily Risk Control 5% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of the index is zero or positive, the payout at maturity will be par plus 137% of the index return.
Otherwise, investors will gain 1% for every 1% decline of the index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 Daily Risk Control 5% USD Excess Return index
|
| Amount: | $8,892,000
|
| Maturity: | July 31, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus 137% of index return; otherwise, par plus absolute value of index return
|
| Initial level: | 243.72
|
| Pricing date: | July 26
|
| Settlement date: | July 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.78%
|
| Cusip: | 40057MLG2
|
|
|
© 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.
