New Issue: GS Finance sells $2.38 million index-linked notes on Russell, S&P

Chicago, Jan. 26 – GS Finance Corp. priced $2.38 million of 0% index-linked notes due April 25, 2023 tied to the Russell 2000 index and the S&P 500 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 the return of the lesser performing index capped at $1,240 per $1,000 note.

If either index falls by up to 10%, the payout will be par plus the absolute value of the worst performer.

Investors will be exposed to losses of the worst-performing index beyond the 10% buffer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$2,379,000
Maturity:	April 25, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus return of lesser performing index capped at $1,240 per $1,000 note; if either index falls by up to 10%, par plus absolute value of worst performer; investors will be exposed to losses of the worst-performing index beyond buffer
Initial levels:	2,024.037 for Russell, 4,482.73 for S&P
Buffer levels:	90% of initial levels
Pricing date:	Jan. 20
Settlement date:	Jan. 25
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057KT37

© 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.