By Sarah Lizee
Olympia, Wash., Nov. 6 – GS Finance Corp. priced $3.9 million of 0% leveraged buffered index-linked notes due May 6, 2020 tied to the S&P 500 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 200% of the index return, capped at par plus 13.8%. Investors will receive par if the index falls by up to 15% and lose 1.1765% for every 1% decline in the index beyond 15%.
Goldman Sachs & Co. is the underwriter and JPMorgan Securities LLC is the placement agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Leveraged buffered index-linked notes
|
Underlying index: | S&P 500
|
Amount: | $3.9 million
|
Maturity: | May 6, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index return is positive, par plus 200% of the index return, capped at par plus 13.8%; par if the index falls by up to 15%; 1.1765% loss for every 1% decline in the index beyond 15%
|
Initial index level: | 2,723.06
|
Pricing date: | Nov. 2
|
Settlement date: | Nov. 7
|
Underwriter: | Goldman Sachs & Co. with JPMorgan Securities LLC as placement agent
|
Fees: | 1.35%
|
Cusip: | 40056EDA3
|
© 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.