New Issue: GS Finance sells $1.72 million buffered digital index-linked notes tied to S&P

By Kiku Steinfeld

Chicago, Nov. 16 – GS Finance Corp. priced $1.72 million of 0% buffered digital notes due May 2, 2024 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 final index level is greater than or equal to 85% of the initial level, the payout at maturity will be the maximum settlement amount, $1,155 per $1,000 principal amount of notes.

If the final index level is less than the initial level by more than 15%, investors will lose 1% for every 1% that the index declines beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered digital index-linked notes
Underlying index:	S&P 500
Amount:	$1,719,000
Maturity:	May 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,155 per $1,000 of notes; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:	3,390.68
Buffer level:	85% of initial level
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	Goldman Sachs & Co. LLC
Fees:	3.18%
Cusip:	40057CYK1

© 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.