By Sarah Lizee
Olympia, Wash., May 9 – GS Finance Corp. priced $1.24 million of 0% underlier-linked notes due Nov. 13, 2020 linked to the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the return of each underlier is zero or positive, the payout at maturity will be par plus 1.24 times the return of the lesser performer.
If the return of each underlier is negative but greater than or equal to negative 5%, the payout will be par plus the absolute value of the return of the lesser performer.
If either underlier falls by more than 15%, investors will be fully exposed to the decline of the lesser performer beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Underlier-linked notes
|
Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
Amount: | $1,235,000
|
Maturity: | Nov. 13, 2020
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each underlier is zero or positive, par plus 1.24 times the return of the lesser performer; if the return of each underlier is negative but greater than or equal to negative 15%, par plus the absolute value of the return of the lesser performer; if either underlier falls by more than 15%, full exposure to the decline of the lesser performer beyond 15%
|
Initial levels: | 3,401.16 for index and $65.07 for ETF
|
Pricing date: | May 7
|
Settlement date: | May 10
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.75%
|
Cusip: | 40056FDV4
|
© 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.