By Kiku Steinfeld
Chicago, Nov. 9 – GS Finance Corp. priced $1.37 million of 0% buffered notes due July 30, 2026 tied to the Dow Jones U.S. Select Dividend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If the index finishes above its initial level, the payout at maturity will be par plus the gain, capped at 65%.
If the index finishes flat or falls by up to 15%, investors will receive par. Otherwise, investors will lose 1% for every 1% index decline beyond the 15% buffer.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Buffered notes
|
| Underlying index: | Dow Jones U.S. Select Dividend index
|
| Amount: | $1,369,000
|
| Maturity: | July 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 65%; par if index finishes flat or falls by up to 15%; otherwise, 1% loss for every 1% decline beyond 15% buffer
|
| Initial level: | 830.03
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.78%
|
| Cusip: | 40057HQV5
|
© 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.
