By William Gullotti
Buffalo, N.Y., May 26 – GS Finance Corp. priced $6.04 million of 0% index-linked notes due June 5, 2024 linked to the performance of 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 return of the index is zero or positive, the payout at maturity will be par plus the index return, capped at par plus 7%.
If the index declines by no more than 28.81%, the payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the agent, with JPMorgan acting as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $6.04 million
|
| Maturity: | June 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes flat or gains, par plus index return, capped at 7%; if index declines but finishes at or above trigger level, gain 1% for every 1% decline; otherwise, lose 1% for each 1% decline from initial level
|
| Initial level: | 4,191.98
|
| Trigger level: | 71.19% of initial level
|
| Pricing date: | May 19
|
| Settlement date: | May 24
|
| Agent: | Goldman Sachs & Co. LLC, with JPMorgan acting as placement agent
|
| Fees: | 1%
|
| Cusip: | 40057RWN4
|
|
|
© 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.
