New Issue: GS Finance sells $530,000 leveraged buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., March 19 – GS Finance Corp. priced $530,000 of 0% leveraged buffered index-linked notes due March 4, 2022 tied to the S&P 500 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 300% of the index return, capped at par plus 22%. Investors will receive par if the index falls by up to 15% and lose 1% for every 1% decline in the index beyond 15%.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying index:	S&P 500
Amount:	$530,000
Maturity:	March 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, capped at par plus 22%; par if index falls by up to 15%; 1% loss for every 1% decline in index beyond 15%
Initial index level:	2,803.69
Pricing date:	March 1
Settlement date:	March 6
Underwriter:	Goldman, Sachs & Co.
Fees:	1.425%
Cusip:	40056EX94

© 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.