New Issue: GS Finance sells $1.29 million index-linked notes on Nasdaq, Russell, Dow

By Kiku Steinfeld

Chicago, Aug. 15 – GS Finance Corp. priced $1.29 million of 0% index-linked notes due July 18, 2024 linked to the least performing of the Nasdaq-100 index, the Russell 2000 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.

If the return of each index is zero or positive, the payout at maturity will be par plus the return of the least performing index, capped at 50%.

If the least performing index falls by up to 20%, the payout will be par plus its absolute return.

Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, Dow Jones industrial average
Amount:	$1.29 million
Maturity:	July 18, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is zero or positive, par plus return of least performing index, capped at 50%; if least performing index falls by up to 20%, par plus its absolute return; if any index falls by more than 20%, 1% loss for every 1% decline of worst performer beyond buffer level
Initial levels:	15,495.62 for Nasdaq, 2,159.437 for Russell, 36,113.62 for Dow
Buffer levels:	80% of initial levels
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057KS95

© 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.