New Issue: GS Finance sells $2.11 million index-linked notes on Nasdaq, S&P, Dow

By Sarah Lizee

Olympia, Wash., April 17 – GS Finance Corp. priced $2.11 million of 0% index-linked notes due April 10, 2025 tied to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 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 will be par plus 1.74 times the return of the least performing index.

If worst-performing index falls by up to 20%, the payout will be par.

Otherwise, investors will be exposed to any loss of the worst-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:	Dow Jones industrial average, Nasdaq-100 and S&P 500
Amount:	$2,114,000
Maturity:	April 10, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus 1.74 times return of least performing index; par if worst-performing index falls by up to 20%; otherwise, exposure to losses of worst performing index beyond 20%
Initial levels:	8,049.307 for Nasdaq, 22,653.86 for Dow, 2,659.41 for S&P
Buffer level:	80% of initial levels
Pricing date:	April 7
Settlement date:	April 13
Agent:	Goldman Sachs & Co. LLC
Fees:	1.06%
Cusip:	40056YYX6

© 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.