By Kiku Steinfeld
Chicago, Dec. 5 – GS Finance Corp. priced $496,000 of 0% leveraged buffered index-linked notes due April 2, 2027 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 169% of the index return.
If the index is flat or declines by up to 20%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index beyond 20%.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $496,000
|
| Maturity: | April 2, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par plus 169% of the index return; if the index is flat or declines by up to 20%, par; otherwise, investors will be fully exposed to the decline of the index beyond 20%
|
| Initial index level: | 3,887.10
|
| Buffer level: | 80% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.3%
|
| Cusip: | 40057LE80
|
|
|
© 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.
