New Issue: GS Finance sells $7.82 million leveraged buffered basket-linked notes

By William Gullotti

Buffalo, N.Y., April 27 – GS Finance Corp. priced $7.82 million of 0% leveraged buffered notes due July 26, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Euro Stoxx 50 index with an 65% weight, the Nikkei 225 index with a 25% weight and the S&P/ASX 200 index with a 10% weight.

The payout at maturity will be par plus 1.27 times the basket gain.

Investors will receive par if the basket finishes flat or falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying assets:	Euro Stoxx 50 index (65%), Nikkei 225 index (25%), S&P/ASX 200 index (10%)
Amount:	$7,823,000
Maturity:	July 26, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.27 times basket gain; par if basket finishes flat or declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
Initial levels:	4,229.56 for Stoxx, 27,522.26 for Nikkei, 7,175.814 for S&P/ASX
Buffer level:	90% of initial level
Pricing date:	Jan. 21
Settlement date:	Jan. 26
Agent:	Goldman Sachs & Co. LLC
Fees:	0.35%
Cusip:	40057KUB7

© 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.