By Marisa Wong
Morgantown, W.Va., Jan. 5 – GS Finance Corp. priced $5.04 million of 0% capped buffer gears due Dec. 31, 2019 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 two times the index gain, subject to a maximum settlement amount of $13.40 for each $10 face amount.
If the index finishes at or below the initial level but at or above the downside threshold, 90% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 10%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped buffer gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,039,000
|
| Maturity: | Dec. 31, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain, subject to a maximum settlement amount of $13.40 for each $10 face amount; par if index finishes at or below the initial level but at or above the 90% downside threshold; otherwise, investors will be exposed to losses beyond 10%
|
| Initial index level: | 3,550.17
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 29
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 2.175%
|
| Cusip: | 36254F475
|
|
|
© 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.
