New Issue: GS Finance sells $2.64 million capped gears linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Dec. 30 – GS Finance Corp. priced $2.64 million of 0% capped gears notes due April 26, 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 triple any index gain, up to a maximum settlement amount of $11.635 per $10.00 principal amount of notes. Investors will be fully exposed to any index decline.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Capped gears
Underlying index:	S&P 500
Amount:	$2,635,000
Maturity:	April 26, 2018
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus triple any index gain, capped at $11.635; full exposure to any index decline
Initial index level:	2,260.96 (set on Dec. 22)
Pricing date:	Dec. 23
Settlement date:	Dec. 28
Underwriter:	Goldman Sachs & Co.
Fees:	1.6%
Cusip:	36251U574

© 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.