By Wendy Van Sickle
Columbus, Ohio, July 8 – GS Finance Corp. priced $40,000 of 0% index-linked notes due Jan. 3, 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 are guaranteed by Goldman Sachs Group, Inc.
If the return of each index is greater than or equal to its initial level, the payout will be par plus 1.15 times the return of the lesser performing index.
If the return of either index is negative but not by more than 70% of its initial level, the payout will be par plus the absolute value of the return of the lesser-performing index.
Otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level.
Goldman, Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Index-linked notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $40,000
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Maturity: | Jan. 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of each index is greater than or equal to its initial level, par plus 1.15 times the return of the lesser performing index; if the return of either index is negative but not by more than 70% of its initial level, par plus absolute value of laggard index’s return; otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level
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Initial levels: | 2,941.76 for S&P and 1,566.572 for Russell
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Pricing date: | June 28
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Settlement date: | July 3
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Underwriter: | Goldman Sachs & Co.
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Fees: | 0.95%
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Cusip: | 40056FND3
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