New Issue: GS Finance sells $2.64 million digital underlier-linked notes on Stoxx 50, EM ETF

By Marisa Wong

Morgantown, W.Va., Aug. 13 – GS Finance Corp. priced $2.64 million of 0% digital underlier-linked notes due Aug. 9, 2024 linked to the iShares MSCI Emerging Markets exchange-traded fund and the Euro Stoxx 50 index, 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 underlier is greater than or equal to negative 30%, the payout at maturity will be the greater of the threshold settlement amount, $1,725 per $1,000 principal amount, and par plus the return of the lesser performing underlier.

If either underlier falls by more than 30%, investors will be fully exposed to the decline of the lesser performing underlier.

Goldman, Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital underlier-linked notes
Underliers:	iShares MSCI Emerging Markets ETF, Euro Stoxx 50 index
Amount:	$2,637,000
Maturity:	Aug. 9, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each underlier is greater than or equal to negative 30%, par plus the greater of 72.5% and the return of the lesser performing underlier; otherwise, full exposure to the decline of the lesser performing underlier
Initial levels:	$43.87 for ETF, 3,469.21 for index
Pricing date:	Aug. 2
Settlement date:	Aug. 9
Underwriter:	Goldman, Sachs & Co.
Fees:	0.375%
Cusip:	40055QR38

© 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.