New Issue: GS Finance prices $1.92 million digital notes linked to S&P, Russell, Dow

By Wendy Van Sickle

Columbus, Ohio, May18 – GS Finance Corp. priced $1.92 million of 0% digital notes due May 20, 2020 linked to the least performing of the S&P 500 index, the Dow Jones Industrial Average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If each index’s return is greater than or equal to 0%, the payout at maturity will be the greater of par plus the return of the least performing index and $1,345.00 per $1,000 principal amount of notes. If the least-performing index falls by up to 30%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying indexes:	S&P 500, Dow Jones Industrial Average and Russell 2000
Amount:	$1,924,000
Maturity:	May 20, 2020
Coupon:	%
Price:	Par
Payout at maturity:	If least-performing index return is greater than or equal to 0%, greater of par plus return of least performing index and $1,345 per $1,000 principal amount of notes; if laggard index falls by up to 30%, par; otherwise, 1% loss for every 1% that index declines beyond 30%
Initial index levels:	2,402.32 for S&P, 20,981.94 for Dow, 1,393.23 for Russell
Pricing date:	May 15
Settlement date:	May 18
Underwriter:	Goldman Sachs & Co.
Fees:	0.5%
Cusip:	40054LCK8

© 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.