By Sarah Lizee
Olympia, Wash., Aug. 6 – GS Finance Corp. priced $1.08 million of 0% notes due Aug. 5, 2024 linked to the Vanguard FTSE Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the ETF return is zero or positive, the payout at maturity will be par plus the greater of any ETF gain and $1,250 per $1,000 note.
If the ETF declines by up to 25%, the payout will be par plus the absolute value of the return of the ETF.
Otherwise, investors will be fully exposed to the decline of the ETF.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying ETF: | Vanguard FTSE Emerging Markets ETF
|
| Amount: | $1,075,000
|
| Maturity: | Aug. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is zero or positive, par plus the greater of any ETF gain and $1,250 per $1,000 note; if the ETF declines by up to 25%, par plus the absolute value of the return of the ETF; otherwise, full exposure to the decline of the ETF
|
| Initial level: | $41.76
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.6%
|
| Cusip: | 40056FXD2
|
© 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.
