By Marisa Wong
Morgantown, W.Va., April 10 – GS Finance Corp. priced $4.11 million of 0% capped trigger gears due March 31, 2020 linked to the S&P MidCap 400 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 two times the index gain, subject to a maximum settlement amount of $13.025 for each $10 face amount.
If the index finishes at or below the initial level but at or above the downside threshold, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Capped trigger gears
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $4,107,030
|
| Maturity: | March 31, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any index gain, subject to a maximum settlement amount of $13.025 for each $10 face amount; par if index finishes at or below the initial level but at or above the 75% downside threshold; otherwise, full exposure to losses
|
| Initial index level: | 1,705.09
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 2.75%
|
| Cusip: | 36251V432
|
|
|
© 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.
