By William Gullotti
Buffalo, N.Y., Feb. 17 – GS Finance Corp. priced $7.8 million of 0% market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside due Aug. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the index, subject to a maximum return of par plus 18.1%.
If the index falls by up to 15%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for every 1% decline of the index beyond 15%.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside
|
Underlying: | S&P 500 index
|
Amount: | $7,799,000
|
Maturity: | Aug. 5, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain, capped at par plus 18.1%; if index falls by up to 15%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline of index beyond 15%
|
Initial level: | 4,076.6
|
Buffer level: | 85% of initial level
|
Pricing date: | Jan. 31
|
Settlement date: | Feb. 3
|
Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
Fees: | 2.025%
|
Cusip: | 40057PBR2
|
|
© 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.