By Susanna Moon
Chicago, Jan. 31 – GS Finance Corp. priced $14.8 million of dual directional trigger participation securities due March 4, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the gain up to a maximum return of 14.5%.
If the index falls by up to 15%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Dual directional trigger participation securities
|
| Underlying asset: | S&P 500 index
|
| Amount: | $14,803,420
|
| Maturity: | March 4, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain capped at 14.5%; if index falls by up to 15%, par plus absolute return; otherwise, 1% loss per 1% decline
|
| Initial level: | 2,670.71
|
| Downside threshold: | 2,270.1035, 85% of initial level
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 24
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.35%
|
| Cusip: | 36256M833
|
|
|
|
|
© 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.
