New Issue: GS Finance sells $741,000 index-linked notes on S&P, Russell

By Tali Rackner

Minneapolis, Nov. 2 – GS Finance Corp. priced $741,000 of 0% index-linked notes due Oct. 31, 2022 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 are guaranteed by Goldman Sachs Group, Inc.

If the final level of each index is zero or positive, the payout at maturity will be par plus 1.35 times the return of the lesser performing index.

If either index falls but the return of each index is at least negative 30%, the payout will be par.

If either index falls by more than 30%, investors will be fully exposed to the decline of the lesser-performing index.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$741,000
Maturity:	Oct. 31, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the final level of each index is zero or positive, par plus 1.35 times the return of the lesser performing index; if either index falls but the return of each index is at least negative 30%, par; if either index falls by more than 30%, investors will be fully exposed to the decline of the worse performing index
Initial index levels:	2,560.4 for S&P and 1,497.459 for Russell
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Underwriter:	Goldman, Sachs & Co.
Fees:	4.71%
Cusip:	40054LV68

© 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.