New Issue: GS Finance sells $900,000 index-linked notes on Nasdaq, Dow, Russell

By Kiku Steinfeld

Chicago, Feb. 25 – GS Finance Corp. priced $900,000 of 0% index-linked notes due Feb. 20, 2026 tied to the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the notes are not called and each index closes at or above its initial level, the payout at maturity will be par plus 1.86 times the least-performing index return.

If any index falls by up to 30%, the payout at maturity will be par.

If any index falls by more than 30%, investors will be exposed to any losses of the least-performing index.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100, Dow Jones industrial average, Russell 2000
Amount:	$900,000
Maturity:	Feb. 20, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus 1.86 times the return of the least-performing index; if any index falls by up to 30%, par; if any index falls by more than 30%, par plus return of least-performing index, with full exposure to losses
Initial index levels:	31,522.75 for Dow, 13,773.77 for Nasdaq and 2,272.891 for Russell
Trigger buffer levels:	70% of initial levels
Pricing date:	Feb. 16
Settlement date:	Feb. 19
Agent:	Goldman Sachs & Co. LLC
Fees:	0.85%
Cusip:	40057FJD7

© 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.