Published on 3/16/2016 in the Prospect News Structured Products Daily.
New Issue: GS Finance sells $2.53 million leveraged buffered notes on MSCI EAFE
By Devika Patel
Knoxville, Tenn., March 16 – GS Finance Corp. priced $2.53 million of 0% leveraged buffered notes due March 16, 2020 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,421.50 per $1,000 of notes. Investors will receive par if the index declines by 30% or less and will lose 1.4286% for every 1% that the index declines beyond 10%.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | MSCI EAFE
|
Amount: | $2.53 million
|
Maturity: | March 16, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 150% of index gain, capped at $1,421.50 per $1,000 of notes; par if index falls by up to 30%; 1.4286% loss for every 1% drop beyond 10%
|
Initial level: | 1,644.94
|
Pricing date: | March 11
|
Settlement date: | March 18
|
Agent: | Goldman Sachs & Co.
|
Fees: | 2.85%
|
Cusip: | 40054K6L5
|
© 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.