New Issue: GS Finance sells $4.2 million of leveraged buffered notes on MSCI EAFE

By Devika Patel

Knoxville, Tenn., May 25 – GS Finance Corp. priced $4.2 million of 0% leveraged buffered notes due May 29, 2018 linked to the MSCI EAFE 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 150% of the index return, subject to a maximum settlement amount of $1,292.50 per $1,000 of notes. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that the index declines beyond 10%.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	MSCI EAFE
Amount:	$4.2 million
Maturity:	May 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index gain, capped at $1,292.50 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for every 1% drop beyond 10%
Initial level:	1,628.84
Pricing date:	May 23
Settlement date:	May 31
Agent:	Goldman, Sachs & Co.
Fees:	1.65%
Cusip:	40054KCV6

© 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.