New Issue: GS Finance sells $755,000 index-linked notes tied to the Dow

By Marisa Wong

Morgantown, W.Va., Aug. 30 – GS Finance Corp. priced $755,000 of 0% index-linked notes due Aug. 28, 2025 linked to 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 index return is positive, the payout at maturity will be par plus the index return, subject to a maximum settlement amount of $1,850 per $1,000 principal amount.

If the index return is zero or negative, the payout will be par.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	Dow Jones industrial average
Amount:	$755,000
Maturity:	Aug. 28, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 85%; if index finishes flat or falls, par
Initial index level:	21,813.67
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Underwriter:	Goldman, Sachs & Co.
Fees:	4.4%
Cusip:	40054LME1

© 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.