Chicago, Sept. 3 – GS Finance Corp. priced $2.7 million of 0% leveraged buffered index-linked notes due Aug. 12, 2024 tied to the Russell 2000 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 double the index return, subject to a maximum settlement amount of $1,400 per $1,000 principal amount of notes.
Investors will receive par if the index finishes flat or declines, but not more than 25%.
If the index return finishes below 75% of its initial level, investors will be exposed to the losses of the index beyond the 25% buffer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | Russell 2000
|
| Amount: | $2,700,000
|
| Maturity: | Aug. 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus double any index gain, subject to a maximum payout of $1,400 per $1,000 principal amount of notes; par if index declines up to 25%; exposure to losses beyond 25% buffer
|
| Initial level: | 1,500.686
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Aug. 7
|
| Settlement date: | Aug. 12
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 40056X2A3
|
|
|
© 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.
