New Issue: Goldman sells $2.33 million five-year leveraged trigger notes on S&P, Dow

By Susanna Moon

Chicago, June 6 – GS Finance Corp. priced $2.33 million of 0% notes due June 29, 2023 tied to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index finishes above its initial, the payout at maturity will be par plus 1.62 times the gain of the worse performing index.

If either asset falls by up to its 70% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worse performing index.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Notes
Underlying indexes:	S&P 500 index and Dow Jones industrial average
Amount:	$2,325,000
Maturity:	June 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each asset gains, par plus 1.62 times return of worse performing index; if either asset falls by up to 30%, par; otherwise, 1% loss for each 1% decline of worse performing index
Initial levels:	2,754.88 for S&P and 24,580.89 for Dow
Trigger levels:	70% of initial levels
Pricing date:	June 22
Settlement date:	June 29
Agent:	Goldman Sachs & Co. LLC
Fees:	3.85%
Cusip:	40055QHF2

© 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.