By Susanna Moon
Chicago, June 4 – GS Finance Corp. priced $1.82 million of buffered notes due May 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the index gain.
Investors will receive par if the index falls by up to 32% and will be exposed to any losses beyond the buffer.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered notes
|
Underlying index: | S&P 500
|
Amount: | $1,821,000
|
Maturity: | May 30, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; par if index falls by up to 32%; 1% loss per 1% decline beyond 32%
|
Initial level: | 2,727.76
|
Pricing date: | May 24
|
Settlement date: | May 30
|
Agent: | Goldman, Sachs & Co. LLC
|
Fees: | 3.85%
|
Cusip: | 40055AZR1
|
|
|
© 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.