New Issue: GS Finance sells $8.28 million index-linked notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 18 – GS Finance Corp. priced $8.28 million of 0% index-linked notes due Feb. 9, 2023 tied to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout will be par plus the greater of the lesser-performing index gain and 19.41%.

If either index falls by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index from its initial level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC 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:	$8,275,000
Maturity:	Feb. 9, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of least performing index gain and 19.41%; if either index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of lesser-performing index from its initial level
Initial index levels:	3,886.83 for S&P and 2,233.327 for Russell
Trigger buffer levels:	70% of initial levels
Pricing date:	Feb. 5
Settlement date:	Feb. 10
Agent:	Goldman Sachs & Co. LLC
Fees:	0.15%
Cusip:	40057FAC8

© 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.