By Sarah Lizee
Olympia, Wash., May 2 – GS Finance Corp. priced $262,000 of 0% index-linked notes due June 3, 2020 linked to the lesser performing of the Nasdaq-100 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 the indexes never close below 70% of their initial levels on any day during the life of the notes, the payout at maturity will be par plus 10%.
If either index ever closes below 70% of its initial levels on any day during the life of the notes but both indexes finish at or above their initial levels, the payout will be par.
Otherwise, the payout will be par plus the return of the lesser performing index with full exposure to losses.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Nasdaq-100, Russell 2000
|
| Amount: | $262,000
|
| Maturity: | June 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the indexes never close below 70% of their initial levels on any day during the life of the notes, par plus 10%; if either index ever closes below 70% of its initial levels on any day during the life of the notes but both indexes finish at or above their initial levels, par; otherwise par plus the return of the lesser performing index with full exposure to losses
|
| Initial levels: | 7,781.456 for Nasdaq and 1,591.211 for Russell
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.78%
|
| Cusip: | 40056FAJ4
|
© 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.
