New York, Oct. 9 – GS Finance Corp. priced $11.75 million of 0% dual directional trigger jump securities due Oct. 3, 2029 linked to the S&P 500 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 the greater of that return and 48.5%.
If the index declines but by no more than the 80% downside threshold investors will receive par plus 100% of the absolute value of the index return. They will lose 1% for every 1% decline if the index ends below its downside threshold.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional trigger jump securities
|
| Underlying assets: | S&P 500 index
|
| Amount: | $11,747,000
|
| Maturity: | Oct. 3, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus greater of index return and 48.5%; par plus 100% of absolute value of index return if index declines but by no more than the 80% downside threshold; 1% loss for every 1% that index declines if it finishes below its downside threshold
|
| Initial levels: | 4,288.05
|
| Upside payment: | 48.5%
|
| Downside threshold: | 3,430.44, 80% of initial level
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 4
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.50%
|
| Cusip: | 40057WBF3
|
|
|
|
|
© 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.
