By Sarah Lizee
Olympia, Wash., Oct. 3 – GS Finance Corp. priced $575,000 of 0% notes due March 31, 2022 linked to the lesser performing of the iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of each ETF is positive, the payout at maturity will be par plus 2.15 times the return of the lower performing ETF.
If either ETF declines by up to 30%, the payout will be par.
Otherwise, investors be fully exposed to any losses of the lower performing ETF.
Goldman Sachs Group, Inc. guarantees the notes.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Notes
|
| Underlying ETFs: | iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF
|
| Amount: | $575,000
|
| Maturity: | March 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each ETF is positive, par plus 2.15 times the return of the lower performing ETF; if either ETF declines by up to 30%, par; otherwise, full exposure to losses of the lower performing ETF
|
| Initial level: | $67.99 for EAFE, $42.92 for EM
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 0.9%
|
| Cusip: | 40055QXA5
|
© 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.
