By Marisa Wong
Morgantown, W.Va., Sept. 28 – GS Finance Corp. priced $1.17 million of 0% buffered ETF-linked notes due Sept. 16, 2020 tied to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is positive, the payout at maturity will be par plus the ETF return, capped at $1,450 per $1,000 principal amount. Investors will receive par if the ETF falls by up to 12.5% and lose 1% for every 1% decline in the ETF beyond 12.5%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered ETF-linked notes
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1.17 million
|
| Maturity: | Sept. 16, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus ETF return, capped at par plus 45%; par if ETF falls by up to 12.5%; 1% loss for every 1% decline in ETF beyond 12.5%
|
| Initial ETF level: | $65.89
|
| Pricing date: | Sept. 11
|
| Settlement date: | Sept. 14
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.675%
|
| Cusip: | 40055QYX4
|
© 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.
