By Angela McDaniels
Tacoma, Wash., April 30 – GS Finance Corp. priced $11.55 million of 0% trigger Performance Leveraged Upside Securities due April 29, 2022 linked to a basket that consists of the S&P 500 index with a 60% weight, the Euro Stoxx 50 index with a 30% weight and the MSCI Emerging Markets index with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group Inc.
If the basket finishes above its initial level, the payout at maturity will be par of $10 plus 175% of the basket return, subject to a maximum return of 40.05%.
If the basket finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 75% of the initial basket level.
If the basket finishes below its trigger level, investors will be fully exposed to the basket’s decline from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying basket: | S&P 500 index (60% weight), Euro Stoxx 50 index (30% weight) and MSCI Emerging Markets index (10% weight)
|
| Amount: | $11,551,850
|
| Maturity: | April 29, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket finishes above initial level, par plus 175% of basket return, subject to maximum return of 40.05%; if basket finishes at or below initial level but at or above trigger level, par; if basket finishes below trigger level, full exposure to decline
|
| Trigger level: | 75% of initial basket level
|
| Pricing date: | April 26
|
| Settlement date: | May 1
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.175%
|
| Cusip: | 36257D527
|
© 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.
