New York, Oct. 30 – GS Finance Corp. priced $3.89 million of 0% dual directional trigger PLUS due April 23, 2026 linked to the iShares U.S. Home Construction ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the ETF is positive, the payout at maturity will be par plus 150% of the return of the ETF, subject to a maximum return of par plus 35%.
Investors will receive a 1.5% gain for each 1% loss if the ETF declines but finishes at or above the 65% principal barrier and will lose 1% for every 1% decline if the ETF ends below its principal barrier.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional trigger PLUS
|
| Underlying fund: | iShares U.S. Home Construction ETF
|
| Amount: | $3,891,000
|
| Maturity: | April 23, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 150% of ETF return, subject to a maximum return of par plus 35%; 1.5% gain for each 1% loss if ETF declines but ends at or above principal barrier; otherwise, full exposure to loss
|
| Initial level: | $72.34
|
| Principal barrier: | $47.021, 65% of initial level
|
| Upside leverage: | 150%
|
| Cap: | 35%
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 25
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.00%
|
| Cusip: | 40057WRU3
|
|
|
© 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.
