By Marisa Wong
Morgantown, W.Va., July 6 – GS Finance Corp. priced $4.52 million of 0% leveraged trigger notes due Dec. 26, 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 final index level is greater than or equal to 75% of the initial index level, the payout at maturity will be par plus the greater of 1.405 times the index return and zero.
If the final index level is less than 75% of the initial index level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged trigger notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $4.52 million
|
| Maturity: | Dec. 26, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above trigger level, par plus greater of zero and 140.5% of index return; otherwise, par plus index return, with exposure to losses
|
| Initial index level: | 3,441.60
|
| Final level: | Average of closing levels on five trading days ending Dec. 20, 2019
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Underwriter: | Goldman, Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 1.35%
|
| Cusip: | 40055QGK2
|
|
|
© 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.
