New Issue: GS Finance prices $926,000 leveraged notes on Technology Select ETF

By Sarah Lizee

Olympia, Wash., Aug. 5 – GS Finance Corp. priced $926,000 of 0% leveraged notes due Aug. 3, 2023 tied to the Technology Select Sector SPDR fund, 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 1.06 times any ETF gain. If the ETF falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any decline of the ETF from its initial level.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying ETF:	Technology Select Sector SPDR fund
Amount:	$926,000
Maturity:	Aug. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.06 times any ETF gain; if the ETF falls by up to 30%, par; otherwise, investors will be fully exposed to any decline of the ETF from its initial level
Initial level:	$82.01
Pricing date:	July 30
Settlement date:	Aug. 2
Underwriter:	Goldman, Sachs & Co.
Fees:	0.81%
Cusip:	40056FVB8

© 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.