New Issue: GS Finance prices $844,000 digital index-linked notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, July 26 – GS Finance Corp. priced $844,000 of digital index-linked notes due July 28, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If both indexes finish at or above their initial levels, the payout at maturity will be par plus 72%.

If either index declines but both finish above at or above 70% of their initial levels the payout at maturity will be par.

Otherwise investors will be exposed to the loss of the lesser performing index from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$844,000
Maturity:	July 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is greater than or equal to zero, $1,720 per $1,000 principal amount; if return of each index is less than zero but greater than or equal to negative 30%, par; if return of either index is less than negative 30%, 1% loss for every 1% that lesser-performing index declines from initial level
Initial levels:	1,435.839 for Russell 2000 and 2,472.54 for S&P 500
Pricing date:	July 21
Settlement date:	July 28
Underwriter:	Goldman Sachs & Co.
Fees:	3.625%
Cusip:	40054LJK1

© 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.