New Issue: GS Finance sells $2.13 million index-linked notes on Dow, Nasdaq, Russell

By Sarah Lizee

Olympia, Wash., April 27 – GS Finance Corp. priced $2.13 million of 0% index-linked notes due April 24, 2025 tied to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout will be par plus 2 times the return of the least performing index.

If any index falls by up to 30%, the payout will be par.

If any index falls by more than 30%, the payout will be par plus the return of the least performing index with full exposure to the decline.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 and Russell 2000
Amount:	$2.13 million
Maturity:	April 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 2 times the return of the least performing index; if any index falls by up to 30%, par; if any index falls by more than 30%, par plus the return of the least performing index with full exposure to the decline
Initial levels:	23,018.88 for Dow, 8,403.003 for Nasdaq and 1,185.094 for Russell
Barrier levels:	70% of initial levels
Pricing date:	April 21
Settlement date:	April 24
Agent:	Goldman Sachs & Co. LLC
Fees:	4.375%
Cusip:	40057E4A2

© 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.