New Issue: GS Finance sells $462,000 index-linked notes on Stoxx, EAFE

By Sarah Lizee

Olympia, Wash., April 14 – GS Finance Corp. priced $462,000 of 0% index-linked notes due April 8, 2025 tied to the Euro Stoxx 50 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index closes at or above its initial level, the payout will be par plus 2.5 times the return of the lesser performing index.

If either index falls by up to 40%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Euro Stoxx 50 index and MSCI EAFE index
Amount:	$462,000
Maturity:	April 8, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above its initial level, par plus 2.5 times return of the lesser performing index; if either index falls by up to 40%, par; otherwise, investors will lose 1% for every 1% decline of the lesser performing index
Initial index levels:	2,662.99 for Stoxx, 1,487.08 for EAFE
Barrier levels:	60% of initial levels
Pricing date:	April 3
Settlement date:	April 8
Agent:	Goldman Sachs & Co. LLC
Fees:	0.45%
Cusip:	40056YYN8

© 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.