New Issue: GS Finance sells $500,000 index-linked notes on S&P, Dow

Chicago, Feb. 28 – GS Finance Corp. priced $500,000 of 0% index-linked notes due July 22, 2025 tied to 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 each index closes at or above its initial level, the payout will be par plus the return of the lesser performing index, capped at par plus 18.45%.

If the lesser performing index falls by up to 15%, investors will receive par plus the absolute value of that return.

Otherwise, investors will be exposed to losses of the worst performing index beyond 15%.

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 index, Dow Jones industrial average
Amount:	$500,000
Maturity:	July 22, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above its initial level, par plus return of the lesser performing index capped at par plus 18.45%; if the lesser performing index falls by up to 15%, par plus absolute value of that return; otherwise, investors will be exposed to losses of the worst performing index beyond buffer
Initial index levels:	37,266.67 for Dow, 4,739.21 for S&P
Buffer levels:	85% of initial levels
Pricing date:	Jan. 17
Settlement date:	Jan. 22
Agent:	Goldman Sachs & Co. LLC
Fees:	0.7%
Cusip:	40057XWC5

© 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.