New Issue: GS Finance sells $385,000 leveraged notes on S&P Regional Banks

By Marisa Wong

Morgantown, W.Va., April 30 – GS Finance Corp. priced $385,000 of 0% leveraged index-linked notes due May 1, 2019 tied to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is positive, the payout at maturity will be par plus 3 times the index gain, subject to a maximum settlement amount of $1,219 per $1,000 principal amount.

Investors will be fully exposed to losses.

Goldman, Sachs & Co. is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	S&P Regional Banks Select Industry index
Amount:	$385,000
Maturity:	May 1, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 3 times the index gain, with payout capped at par plus 21.9%; full exposure to losses
Initial index level:	1,892.09
Pricing date:	April 13
Settlement date:	April 18
Underwriter:	Goldman, Sachs & Co. with JPMorgan as placement agent
Fees:	1.1%
Cusip:	40055AXX0

© 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.