Chicago, Dec. 4– GS Finance Corp. priced $2.75 million of 0% buffered index-linked notes due Nov. 30, 2028 based on the performance of the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes at or above its initial level, the payout at maturity will be par plus 185% of the initial return.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered index-linked notes
|
Underlying index: | S&P 500 Futures Excess Return index
|
Amount: | $2,754,000
|
Maturity: | Nov. 30, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes flat or positive, par plus 185% of initial return; par if index falls but not more than 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
Initial index level: | 404.84
|
Buffer level: | 80% of initial level
|
Pricing date: | Nov. 27
|
Settlement date: | Nov. 30
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.375%
|
Cusip: | 40057WUZ8
|
|
© 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.