New Issue: GS Finance sells $77,000 index-linked notes on Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $77,000 of 0% index-linked notes due Dec. 29, 2025 tied to the Euro Stoxx 50 index and the Russell 2000 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 at maturity will be par plus the greater of the least-performing index return and 35%.

If the least performing index falls by up to 10%, the payout will be par.

Investors will be exposed to any decline of the least performing index beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Euro Stoxx 50 index, Russell 2000 index
Amount:	$77,000
Maturity:	Dec. 29, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its initial level, par plus greater of least performing index return and 35%; if least performing index falls by up to 35%, par; if any index falls by more than 15%, exposure to the decline of the least performing index beyond 15%
Initial index levels:	3,539.26 for Stoxx, 2,007.104 for Russell
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	Goldman Sachs & Co. LLC
Fees:	4.475%
Cusip:	40057EVM6

© 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.