New Issue: GS Finance prices $10.95 million buffered notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – GS Finance Corp. priced $10.95 million of 0% buffered notes due Nov. 12, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 13%. If the index falls by up to 10%, the payout will be par. Investors will be exposed to the index’s decline beyond 10%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered notes
Underlying index:	S&P 500
Amount:	$10,952,000
Maturity:	Nov. 12, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus index return, subject to 13% maximum return; if index falls by up to 10%, par; exposure to index’s decline beyond 10%
Initial level:	3,066.91
Pricing date:	Nov. 1
Settlement date:	Nov. 6
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40056XJ64

© 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.