New Issue: GS Finance sells $1.59 million index-linked notes on Nasdaq, Russell, Dow

By Kiku Steinfeld

Chicago, Jan. 28 – GS Finance Corp. priced $1.59 million of 0% index-linked notes due Aug. 31, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 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 greater of 15% and the return of the least performing index.

If the least performing index falls by up to 30%, the payout will be par plus its absolute return.

Otherwise, investors will lose 1% for every 1% decline of the worst performer.

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, Russell 2000 index, Dow Jones industrial average
Amount:	$1,586,000
Maturity:	Aug. 31, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index return is zero or positive, par plus greater of 15% and lowest return; if least performing index falls by up to 30%, par plus its absolute return; if any index falls by more than 30%, 1% loss for every 1% decline of worst performer
Initial levels:	15,278.52 for Nasdaq, 2,213.979 for Russell, 35,213.12 for Dow
Trigger levels:	70% of initial levels
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Goldman Sachs & Co. LLC
Fees:	4.01%
Cusip:	40057HZH6

© 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.