By William Gullotti
Buffalo, N.Y., Aug. 15 – GS Finance Corp. priced $220,000 of 0% buffered index-linked notes due July 29, 2027 based on the performance of the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 105% of any index gain.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | S&P 500 Value index
|
Amount: | $220,000
|
Maturity: | July 29, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 105% of any index gain; if index falls by up to 15%, par; 1% loss for every 1% decline beyond 15%
|
Initial index level: | 1,390.45
|
Buffer level: | 85% of initial level
|
Pricing date: | July 26
|
Settlement date: | July 29
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 3.9%
|
Cusip: | 40057MJY6
|
|
|
© 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.