New Issue: GS Finance sells $1.98 million buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, May 16 – GS Finance Corp. priced $1.98 million of 0% buffered index-linked notes due May 18, 2021 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.

The payout at maturity will be par plus any index gain up to a maximum return of par plus 18%. Investors will receive par if the index falls by up to 20% and lose 1% for every 1% decline in the index beyond 20%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying index:	S&P 500
Amount:	$1,978,000
Maturity:	May 18, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 18%; par if the index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
Initial index level:	2,811.87
Pricing date:	May 13
Settlement date:	May 16
Underwriter:	Goldman, Sachs & Co.
Fees:	0.625%
Cusip:	40056FGQ2

© 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.