By Sarah Lizee
Olympia, Wash., Aug. 3 – GS Finance Corp. priced $10 million of 0% index-linked notes due July 31, 2025 tied to the Nasdaq-100 Technology Sector index and Technology Select Sector 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 1.235 times the least performing index return.
If either index finishes below the initial underlier level by up to 25%, the payout will be par.
Otherwise, investors will be exposed to the decline of the least performing index.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Index-linked notes
|
| Underlying indexes: | Nasdaq-100 Technology Sector index and Technology Select Sector index
|
| Amount: | $10 million
|
| Maturity: | July 31, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.235 times the least performing index return; if either index finishes below the initial underlier level by up to 25%, par; otherwise, investors will be exposed to the decline of the least performing index
|
| Initial index levels: | 6,087.277 for Nasdaq, 1,063.31 for Technology
|
| Barrier levels: | 75% of initial levels
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.1%
|
| Cusip: | 40057CHU8
|
|
|
© 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.
