New Issue: GS Finance sells $2.2 million leveraged notes on basket of five indexes

New York, March 28 – GS Finance Corp. priced $2.2 million of 0% leveraged notes due April 27, 2017 linked to a 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 consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.

If the basket return is positive, the payout at maturity will be par plus three times the basket return, subject to a maximum settlement amount of $1,217.50 per $1,000 principal amount.

Investors will be exposed to any decline in the basket.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged basket-linked notes
Underlying indexes:	Euro Stoxx 50 (37% weight), FTSE 100 (23% weight), Topix index (23% weight), Swiss Market index (9% weight) and S&P/ASX 200 (8% weight)
Amount:	$2.2 million
Maturity:	April 27, 2017
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If basket return is positive, par plus three times the basket return, capped at payout of par plus 21.75%; exposure to any basket decline
Initial index levels:	3,042.42 for the Euro Stoxx 50, 6,199.11 for the FTSE 100, 1,364.20 for the Topix index, 7,894.36 for the Swiss Market and 5,142.266 for the S&P/ASX 200
Pricing date:	March 23
Settlement date:	March 30
Underwriter:	Goldman Sachs & Co.
Fees:	0.9%
Cusip:	40054K7C4

© 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.