By Taylor Fox
New York, Feb. 18 – GS Finance Corp. priced $8.82 million of 0% trigger Gears due Jan. 30, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 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 1.4105 times the least performing index gain.
If the least performing 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 least performing index decline.
Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Trigger gears
|
Underlying indexes: | S&P 500 index and the Russell 2000 index
|
Amount: | $8,815,700
|
Maturity: | Jan. 30, 2026
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 1.4105 times the least performing index gain; par if least performing index finishes flat or falls by up to 25%; otherwise, fully exposure to least performing index decline
|
Initial index level: | 3,849.62 for S&P and 2,149.856 for Russell
|
Downside threshold levels: | 75% of initial levels
|
Pricing date: | Jan. 26
|
Settlement date: | Jan. 29
|
Underwriter: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
Fees: | 3.85%
|
Cusip: | 36259U535
|
|
© 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.