New Issue: Goldman prices $466,000 of five-year trigger notes tied to two indexes

By Susanna Moon

Chicago, June 5 – GS Finance Corp. priced $466,000 of 0% index-linked notes due May 31, 2022 linked 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 at or above its initial level, the payout at maturity will be 1.6 times the gain of the worse performing index.

If each index falls by up to the 50% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$466,000
Maturity:	May 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 1.6 times return of worse performing index; par if each index falls by up to 50%; otherwise, full exposure to any losses of worse performing index
Initial levels:	2,415.07 for S&P, 1,383.388 for Russell
Trigger levels:	50% of initial levels
Pricing date:	May 25
Settlement date:	May 31
Agent:	J.P. Morgan Securities LLC
Fees:	1.35%
Cusip:	40054LB37

© 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.