By Marisa Wong
Morgantown, W.Va., May 7 – GS Finance Corp. priced $2.54 million of 0% leveraged buffered index-linked notes due Nov. 5, 2019 linked to a basket of the SPDR S&P MidCap 400 ETF trust with a 60% weight and the iShares Russell 2000 exchange-traded fund with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the basket return is positive, the payout at maturity will be par plus 150% of the basket gain, subject to a maximum settlement amount of $1,187.50 per $1,000 principal amount. Investors will receive par if the basket falls by up to 10% and be fully exposed to losses if the basket falls by more than 10%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Leveraged buffered notes
|
| Underlying basket: | SPDR S&P MidCap 400 ETF trust with a 60% weight and iShares Russell 2000 exchange-traded fund with a 40% weight
|
| Amount: | $2.54 million
|
| Maturity: | Nov. 5, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket return is positive, par plus 150% of the basket gain, capped at par plus 18.75%; par if the basket falls by up to 10%; full exposure to losses if basket falls by more than 10%
|
| Initial values: | $340.51 for MidCap and $153.32 for Russell
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 0.15%
|
| Cusip: | 40055AY92
|
|
|
© 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.
