By Sarah Lizee
Olympia, Wash., Jan. 8 – GS Finance Corp. priced $703,000 of 0% buffered digital notes due Jan. 11, 2022 linked to the MSCI Emerging Markets 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 173% of the initial index level, the payout at maturity will be the maximum settlement amount of $1,730 for each $1,000 face amount of notes.
If the final index level is greater than or equal to 80% of the initial index level but is less than 173% of the initial index level, the payout will be par plus the greater of 10% and the index return.
If the index declines by more than 20%, investors will lose 1.25% for every 1% that the final index level has declined below 80% of the initial index level.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Buffered digital notes
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Underlying index: | MSCI Emerging Markets
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Amount: | $703,000
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Maturity: | Jan. 11, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to 173% of the initial index level, $1,730 for each $1,000 face amount of notes; if the final index level is greater than or equal to 80% of the initial index level but is less than 173% of the initial index level, par plus the greater of 10% and the index return; if the index declines by more than 20%, 1.25% loss for every 1% decline beyond buffer
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Initial index level: | 964.97
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Pricing date: | Jan. 4
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Settlement date: | Jan. 11
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.5%
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Cusip: | 40056ERN0
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