New Issue: GS Finance prices $6.31 million trigger PLUS linked to Topix index

By William Gullotti

Buffalo, N.Y., June 13 – GS Finance Corp. priced $6.31 million of 0% trigger Performance Leveraged Upside Securities due June 4, 2026 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the final index level is greater than or equal to the initial level, the payout at maturity will be par of $10 plus 400% of the return, subject to a maximum payout of par plus 90%.

If the index declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is a dealer.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Topix index
Amount:	$6,309,430
Maturity:	June 4, 2026
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final index level is greater than or equal to the initial level, par plus 400% of index return, capped at par plus 90%; if final index level is less than initial index level but greater than or equal to trigger level, par; if final index level is less than trigger level, 1% loss for every 1% that index declines from initial level
Initial index levels:	1,912.67
Trigger level:	1,530.136; 80% of initial level
Pricing date:	May 31
Settlement date:	June 3
Underwriter:	Goldman Sachs & Co. LLC
Selected dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	36263Q389

© 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.