New Issue: GS Finance sells $628,000 index-linked notes on Dow, Nasdaq

By Taylor Fox

New York, Nov. 18 – GS Finance Corp. priced $628,000 of 0% index-linked notes due Nov. 3, 2022 tied to the least performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The payout at maturity will be par plus 24% if each index finishes at or above its initial level. If either index falls but not below 70% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least performing index declines from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100 index, Dow Jones industrial average
Amount:	$628,000
Maturity:	Nov. 3, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 24% if each index finishes at or above its initial level; par if either index falls but not below 70% of its initial level; otherwise, 1% loss for every 1% decline of least performing index from initial level
Initial levels:	11,052.95 for Nasdaq, 26,501.60 for Dow
Trigger buffer levels:	70% of initial levels
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Agent:	Goldman Sachs & Co. LLC
Fees:	1.2%
Cusip:	40057CZ95

© 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.