New Issue: GS Finance sells $728,000 index-linked notes on Russell, S&P

By Sarah Lizee

Olympia, Wash., Nov. 7 – GS Finance Corp. priced $728,000 of 0% index-linked notes due Nov. 5, 2024 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.39 times the return of the lesser performing index.

Investors will receive par if the lesser-performing index falls by up to 50% and will be fully exposed to any decline of the lesser performing index if it falls by more than 50%.

Goldman Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$728,000
Maturity:	Nov. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above initial level, par plus 1.39 times the return of the lesser performing index; par if laggard index falls by up to 50%; otherwise, full exposure to any losses of lesser performing index
Initial levels:	1,562.452 for Russell, 3,037.56 for S&P
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Goldman Sachs & Co.
Fees:	0.99%
Cusip:	40056XGB6

© 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.