By Marisa Wong
Morgantown, W.Va., June 11 – GS Finance Corp. priced $500,000 of 0% leveraged buffered index-linked notes due May 23, 2023 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.
If the index return is positive, the payout at maturity will be par plus 1.25 times the index gain, capped at par plus 39%.
If the index return is negative but not less than negative 20%, the payout will be par plus the absolute value of the index return.
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: | Leveraged buffered index-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $500,000
|
| Maturity: | May 23, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.25 times the index gain, capped at par plus 39%; par plus absolute value of index return if the index falls by up to 20%; 1% loss for every 1% decline in the index beyond 20%
|
| Initial index level: | 2,876.32
|
| Pricing date: | May 16
|
| Settlement date: | May 23
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.3%
|
| Cusip: | 40056FHL2
|
|
|
© 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.
