New Issue: GS Finance sells $3.4 million index-linked notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., July 1 – GS Finance Corp. priced $3.4 million of 0% index-linked notes due June 27, 2025 linked to the least performing of 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 the return of each index is zero or positive, the payout at maturity will par plus 1.52 times the return of the least performing index.

If the least performing index falls by up to 15%, the payout will be par. Otherwise, investors will be fully exposed to any losses of the worst performing index 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
Amount:	$3,396,000
Maturity:	June 27, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.52 times the return of the least performing index; if any index falls but the final underlier level of each is greater than or equal to the 85% trigger buffer level, par; if any index falls by more than 15%, investors will be fully exposed to the decline of the worst performing index from its initial level
Initial levels:	1,765.737 for Russell, 3,911.74 for S&P
Trigger buffer levels:	85% of initial levels
Pricing date:	June 24
Settlement date:	June 29
Agent:	Goldman Sachs & Co. LLC
Fees:	1.2%
Cusip:	40057MGY9

© 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.