New Issue: GS Finance sells $1.06 million index-linked notes on three indexes

By Kiku Steinfeld

Chicago, March 29 – GS Finance Corp. priced $1.06 million of 0% index-linked notes due March 16, 2026 tied to the S&P 500 index, the Nasdaq-100 index and the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If each index finishes at or above its initial level, the payout at maturity will be par plus 1.135 times the index return.

If each index finishes at or above 80% of its initial level, the payout at maturity will be par.

Otherwise, investors will lose 1% for each 1% decline of the least performing index beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500, Nadaq-100, S&P 500 Equal Weight
Amount:	$1,062,000
Maturity:	March 16, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 80% its initial level, par plus 1.135 times index return; par if each index finishes at or above 80% of its initial; 1% loss for each 1% decline of least performing index beyond 20%
Initial index levels:	5,690.86 for Equal Weight, 13,052.90 for Nasdaq and 3,939.34 for S&P
Pricing date:	March 11
Settlement date:	March 16
Agent:	Goldman Sachs & Co. LLC
Fees:	4.725%
Cusip:	40057FRA4

© 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.