New Issue: GS Finance sells $1.54 million leveraged buffered notes on index, ETF basket

By Sarah Lizee

Olympia, Wash., Jan. 11 – GS Finance Corp. priced $1.54 million of 0% leveraged buffered notes due Jan. 14, 2021 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the S&P 500 index with a 40% weight, the iShares MSCI EAFE ETF with a 20% weight, the Euro Stoxx 50 index with a 15% weight, the iShares MSCI Emerging Markets ETF with a 15% weight and the Russell 2000 index with a 10% weight.

The payout at maturity will be par plus 1.2 times any basket gain, capped at par plus 21%.

Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered notes
Underlying assets:	S&P 500 index with a 40% weight, iShares MSCI EAFE ETF with a 20% weight, Euro Stoxx 50 index with a 15% weight, iShares MSCI Emerging Markets ETF with a 15% weight and Russell 2000 index with a 10% weight
Amount:	$1,539,000
Maturity:	Jan. 14, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.2 times any basket gain, capped at par plus 21%; par if the basket falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial levels:	2,584.96 for S&P, $61.21 for EAFE, 3,070.24 for Stoxx, $40.64 for EM, 1,438.807 for Russell
Pricing date:	Jan. 9
Settlement date:	Jan. 14
Underwriter:	Goldman Sachs & Co.
Fees:	0.425%
Cusip:	40056ET81

© 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.