New Issue: GS Finance prices $3.44 million GEARS tied to weighted index basket

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – GS Finance Corp. priced $3.44 million of 0% GEARS due Feb. 12, 2024 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket includes the Euro Stoxx 50 index with a 50% weight, the Nikkei 225 index with a 30% weight and the FTSE 100 index with a 20% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus 1.825 times the basket return. Investors will lose 1% for every 1% that the basket declines.

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:	GEARS
Underlying basket:	Euro Stoxx 50 (50% weight), Nikkei 225 (30% weight), FTSE 100 (20% weight)
Amount:	$3,444,000
Maturity:	Feb. 12, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If basket return is greater than zero, par plus 1.825 times basket return; full exposure to loss
Initial levels:	4,120.56 for Stoxx, 27,248.87 for Nikkei, 7,573.47 for FTSE
Pricing date:	Feb. 7
Settlement date:	Feb. 10
Underwriter:	Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
Fees:	0%
Cusip:	36262Y367

© 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.