New Issue: GS Finance sells $1.14 million index-linked notes on Nasdaq, S&P

By Wendy Van Sickle

Columbus, Ohio, March 22 – GS Finance Corp. priced $1.14 million of 0% index-linked notes due March 2, 2023 tied to the Nasdaq-100 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 at maturity will be par plus the return of the lesser performing index up to par plus 25%.

If either index falls by up to 25%, the payout at maturity will be par plus the absolute value of the lesser performing index .

Investors will be fully exposed to the losses of the lesser-performing index if it falls by more than 25%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100, S&P 500
Amount:	$1,139,000
Maturity:	March 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial level, par plus return of lesser performing index up to par plus 25%; if either index falls by up to 25%, par plus absolute value of lesser-performing index; exposure to losses if lesser-performing index falls by more than 25%
Initial index levels:	3,811.15 for S&P, 12,909.44 for Nasdaq
Pricing date:	Feb. 26
Settlement date:	March 3
Agent:	Goldman Sachs & Co. LLC
Fees:	1.2%
Cusip:	40057FB60

© 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.