By Marisa Wong
Morgantown, W.Va., July 10 – GS Finance Corp. priced $467,000 of 0% index-linked notes due June 30, 2022 linked to the S&P 500 index and the Russell 2000 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 be par plus 1.4 times the return of the lesser-performing index.
If the lesser-performing index falls by up to 30%, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will be fully exposed to the decline of the lesser-performing index.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Russell 2000 and S&P 500
|
Amount: | $467,000
|
Maturity: | June 30, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of each index is zero or positive, par plus 1.4 times return of lesser-performing index; if lesser-performing index falls by up to 30%, par plus absolute value of its return; otherwise, full exposure to decline of lesser-performing index
|
Initial levels: | 2,419.38 for S&P and 1,403.522 for Russell
|
Pricing date: | June 27
|
Settlement date: | June 30
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 4.725%
|
Cusip: | 40054LFA7
|
© 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.