By Wendy Van Sickle
Columbus, Ohio, April 2 – GS Finance Corp. priced $1.5 million of 0% index-linked notes due March 28, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
If each index finishes at or above its initial level, the payout will be par plus 1.55 times the return of the lesser performing index.
If either index falls by up to 20%, the payout will be par.
Investors will be exposed to any losses of the worst-performing index beyond 20%.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | Russell 2000 and S&P 500
|
Amount: | $1.5 million
|
Maturity: | March 28, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index finishes at or above its initial level, par plus 1.55 times the return of lesser performing index; if either index falls by up to 20%, par; investors will be exposed to any losses of the worst-performing index beyond 20%
|
Initial levels: | 1,002.417 for Russell, 2,237.40 for S&P
|
Buffer levels: | 80% of initial levels
|
Pricing date: | March 23
|
Settlement date: | March 26
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.6%
|
Cusip: | 40056YWE0
|
|
© 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.