By William Gullotti
Buffalo, N.Y., May 26 – GS Finance Corp. priced $5.77 million of 0% leveraged buffered index-linked notes due Nov. 22, 2024 tied 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, investors will receive par plus 1.25 times the index gain, capped at par plus 20.7%.
If the index return is flat or falls by up to 10%, investors will receive par plus the absolute value of the return.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
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: | $5,772,000
|
Maturity: | Nov. 22, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.25 times the index gain, capped at par plus 20.7%; if index return is flat or falls by up to 10%, par plus the absolute value of the return; otherwise, 1% loss for every 1% decline beyond 10%
|
Initial index level: | 4,191.98
|
Buffer level: | 90% of initial level
|
Pricing date: | May 19
|
Settlement date: | May 24
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | None
|
Cusip: | 40057RPD4
|
|
© 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.