Chicago, Sept. 22 – GS Finance Corp. priced $550,000 of 0% buffered digital index-linked notes due Aug. 2, 2023 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 final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 13.2%.
If the index declines but finishes above the 90% final buffer value, the payout at maturity par plus the absolute value of the index return.
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: | S&P 500 index
|
| Amount: | $550,000
|
| Maturity: | Aug. 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater or equal to initial level, par plus 13.2%; par plus absolute value of return if index declines but finishes above buffer level; if the index falls by more than buffer, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 4,431.85
|
| Buffer value: | 90% of initial level
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 2
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40057KVZ3
|
|
|
© 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.
