By Wendy Van Sickle
Columbus, Ohio, March 23 – GS Finance Corp. priced $6.34 million of 0% index-linked notes due March 5, 2027 linked to the least 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 zero or positive, the payout at maturity will be par plus 1.4 times the return of the least 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 exposed to the decline of the worst performing index from its initial level
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Russell 2000, S&P 500
|
| Amount: | $6.34 million
|
| Maturity: | March 5, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of each index is zero or positive, par plus 1.4 times the return of least 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 exposed to the decline of the worst performing index from its initial level
|
| Initial levels: | 3,811.15 for S&P, 2,201.051 for Russell 2000
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.625%
|
| Cusip: | 40057FM84
|
|
|
|
|
© 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.
