New Issue: GS Finance prices $3 million leveraged buffered notes tied to S&P 500

By Devika Patel

Knoxville, Tenn., Dec. 29 – GS Finance Corp. priced $3 million of 0% leveraged buffered notes due Jan. 25, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 150% of any index gain, up to a maximum settlement amount of $1,104.10 per $1,000 of notes.

Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline in the index beyond 10%.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying index:	S&P 500
Amount:	$3 million
Maturity:	Jan. 25, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is positive, par plus 150% of the gain, subject to $1,104.10 maximum settlement amount; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
Initial index level:	2,262.53
Pricing date:	Dec. 20
Settlement date:	Dec. 28
Agents:	Goldman Sachs & Co.
Fees:	0.2%
Cusip:	40054KSD9

© 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.