New Issue: GS Finance sells $912,000 index-linked notes on Russell, S&P

By Kiku Steinfeld

Chicago, Oct. 21 – GS Finance Corp. priced $912,000 of 0% index-linked notes due Oct. 3, 2025 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout will be par plus 1.3 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

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:	Index-linked notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$912,000
Maturity:	Oct. 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes above its initial level, par plus 1.3 times return of lesser performing index; if either index falls by up to 40%, par; otherwise, 1% loss for every 1% decline of lesser performing index
Initial index levels:	3,363.00 for S&P, 1,507.692 for Russell
Trigger level:	60% of initial index levels
Pricing date:	Sept. 30
Settlement date:	Oct. 5
Agent:	Goldman Sachs & Co. LLC
Fees:	1.01%
Cusip:	40057CRJ2

© 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.