New Issue: GS Finance sells $3.96 million index-linked notes on S&P, Dow

By Taylor Fox

New York, March 23 – GS Finance Corp. priced $3.96 million of 0% index-linked notes due Sept. 15, 2022 linked to the least performing of the S&P 500 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.

If the return of each index is zero or positive, the payout at maturity will be par plus the return of the least performing index up to $1,550.

If either index falls but the return of each index is at least negative 10%, the payout will be par.

If either index falls by more than 10%, investors will be exposed to the decline of the worst performing index beyond 10%.

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, Dow Jones industrial average
Amount:	$3,958,000
Maturity:	Sept. 15, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus return of least performing index up to $1,550; if either index falls but the return of each index is at least negative 10%, par; if either index falls by more than 10%, investors will be exposed to the decline of the worst performing index beyond 10%
Initial levels:	3,898.81 for S&P 500, 32,297.02 for Dow
Pricing date:	March 10
Settlement date:	March 15
Agent	Goldman Sachs & Co. LLC
Fees:	0.3%
Cusip:	40057FJC9

© 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.