By William Gullotti
Buffalo, N.Y., July 10 – GS Finance Corp. priced $1 million of 0% leveraged ETF-linked notes due Feb. 28, 2030 tied to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 1.47 times the return.
If the ETF finishes flat or declines by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Issue: | Leveraged ETF-linked notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1 million
|
| Maturity: | Feb. 28, 2030
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF return is positive, par plus 1.47 times the ETF’s return; if the ETF finishes flat or declines by up to 30%, par; otherwise, investors will be fully exposed to the decline of the ETF from its initial level
|
| Initial ETF level: | $71.62
|
| Trigger level: | 70% of initial level
|
| Strike date: | June 29
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 40057TJ88
|
|
|
© 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.
