New Issue: GS Finance sells $2.69 million index-linked notes on two Stoxx indexes

By William Gullotti

Buffalo, N.Y., Sept. 9 – GS Finance Corp. priced $2.69 million of 0% index-linked notes due Sept. 3, 2026 linked to the least performing of the Stoxx Europe 600 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be par plus 2.5165 times the return of the least performing index.

If the least performing index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any losses of the worst performing index from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Stoxx Europe 600 index, Euro Stoxx 50 index
Amount:	$2,691,000
Maturity:	Sept. 3, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 2.5165 times the return of the least performing index; if any index falls but the final underlier level of each is greater than or equal to the 70% trigger buffer level, par; if any index falls by more than 30%, investors will be fully exposed to the decline of the worst performing index from its initial level
Initial levels:	472.68 for Europe 600, 4,198.8 for Stoxx 50
Trigger buffer levels:	70% of initial levels
Pricing date:	Aug. 30
Settlement date:	Sept. 2
Agent:	Goldman Sachs & Co. LLC
Fees:	3.75%
Cusip:	40057JBX3

© 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.