By Wendy Van Sickle
Columbus, Ohio, Feb. 19 – GS Finance Corp. priced $1.3 million of 0% index-linked notes due Feb. 12, 2026 tied to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The payout at maturity will be par plus 1.41 times the least performing index’s return if each index finishes at or above its initial level.
If any index declines but each index finishes at or above its trigger level, 65% of its initial level, the payout will be par.
If any index finishes below its trigger level, investors will lose 1% for every 1% that the least performing index declines 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: | Russell 2000 index, S&P 500 index, Dow Jones industrial average
|
| Amount: | $1.3 million
|
| Maturity: | Feb. 12, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.41 times the least performing index’s return if each index finishes at or above its initial level; par if any index declines but each index finishes at or above its trigger level; otherwise, 1% loss for every 1% decline of the least performing index
|
| Initial levels: | 2,233.327 for Russell, 3,886.83 for S&P 500, 31,148.24 for Dow
|
| Trigger levels: | 65% of initial levels
|
| Pricing date: | Feb. 5
|
| Settlement date: | Feb. 12
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.35%
|
| Cusip: | 40057FGC2
|
|
|
© 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.
