By William Gullotti
Buffalo, N.Y., June 5 – GS Finance Corp. sold an additional $134,000 tap of 0% barrier absolute return market-linked notes with daily barrier observation due April 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The reopened notes will share the same cusip and terms as the original $3,423,000 issued April 28, bringing the total issuance size to $3,557,000.
A barrier event will occur if the index closes above the upper barrier, 125.15% of the initial level, or below the lower barrier, 80% of the initial level, during the life of the notes.
If a barrier event occurs, the payout at maturity will be par plus 5%.
If no barrier event occurs, investors will receive par plus the absolute value of the index return, subject to a minimum payout of par plus 5%.
Goldman Sachs & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Barrier absolute return market-linked notes with daily barrier observation
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,557,000, increased from $3,423,000
|
| Maturity: | April 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index closes above the upper barrier or below the lower barrier on any trading day during the life of the notes (a barrier event), par plus 5%; if index does not close above the upper barrier or below the lower barrier during the life of the notes, par plus the absolute value of the index return, subject to minimum payout of par plus 5%
|
| Initial level: | 4,071.63
|
| Upper barrier: | 125.15% of initial level
|
| Lower barrier: | 80% of initial level
|
| Strike date: | April 25
|
| Pricing date: | May 1
|
| Settlement date: | May 2
|
| Agents: | Goldman Sachs & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 40057RJV1
|
|
|
© 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.
