New Issue: GS Finance prices $18.55 million buffered digital notes on Euro Stoxx

By Marisa Wong

Morgantown, W.Va., Feb. 13 – GS Finance Corp. priced $18.55 million of 0% buffered digital notes due Feb. 11, 2021 linked to the Euro Stoxx 50 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 zero or positive, the payout at maturity will be the greater of the threshold settlement amount of $1,438.50 per $1,000 of notes and par plus the return. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for each 1% decline beyond the 15% buffer.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital notes
Underlying index:	Euro Stoxx 50
Amount:	$18,547,000
Maturity:	Feb. 11, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is zero or positive, par plus greater of 43.85% and index return; par if the index declines by 15% or less; 1.1765% loss for each 1% decline beyond the 15% buffer
Initial level:	3,235.71
Pricing date:	Feb. 7
Settlement date:	Feb. 14
Underwriter:	Goldman, Sachs & Co.
Fees:	2.85%
Cusip:	40054KWF9

© 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.