New Issue: GS Finance sells $915,000 index-linked notes due 2022 on S&P

By Wendy Van Sickle

Columbus, Ohio, March 20 – GS Finance Corp. priced $915,000 of 0% index-linked notes due March 17, 2022 linked to 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 the index closes at or above its initial level, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,270 for each $1,000 of notes .

If the index falls by up to 30%, the payout will be par plus the absolute value of the index return. Otherwise, investors will be fully exposed to the decline.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$915,000
Maturity:	March 17, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes at or above initial level, par plus index return, subject to $1,270 per $1,000 note; if index falls by up to 30%, par plus absolute value of return; otherwise, full exposure to loss
Initial index level:	2,480.64
Pricing date:	March 12
Settlement date:	March 17
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.675%
Cusip:	40056YSH8

© 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.