By William Gullotti
Buffalo, N.Y., March 18 – GS Finance Corp. priced $1.25 million of 0% buffered digital ETF-linked notes due April 15, 2025 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF finishes at or above its threshold level, 94.15% of initial level, the payout at maturity will be par plus 5.85%.
Investors will gain 1% for each 1% decline if the ETF declines by more than 5.85% but finishes at or above its 80% buffer level.
Otherwise, investors will lose 1% for each 1% that the ETF declines beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered digital ETF-linked notes
|
| Underlying fund: | SPDR S&P 500 ETF Trust
|
| Amount: | $1,248,000
|
| Maturity: | April 15, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 5.85% if ETF finishes at or above 94.15% of initial level; if ETF declines beyond by more than 5.85% but no more than 20%, gain 1% for each 1% decline; otherwise, 1% loss for each 1% decline beyond 20%
|
| Initial ETF level: | $511.72
|
| Buffer value: | 80% of initial level
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.43%
|
| Cusip: | 40057YFC2
|
|
|
© 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.
