By Marisa Wong
Morgantown, W.Va., Oct. 10 – GS Finance Corp. priced $2.29 million of 0% trigger gears due Sept. 30, 2020 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 positive, the payout at maturity will be par plus 2.15 times the index gain.
If the index finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,286,400
|
| Maturity: | Sept. 30, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.15 times any index gain; par if index finishes at or below the initial level but at or above downside threshold; otherwise, full exposure to index decline
|
| Initial index level: | 3,555.17
|
| Downside threshold: | 2,666.38, 75% of initial level
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 29
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.25%
|
| Cusip: | 36253M752
|
|
|
© 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.
