New Issue: GS Finance sells $565,000 buffered index-linked notes on S&P, Nasdaq

By William Gullotti

Buffalo, N.Y., June 16 – GS Finance Corp. priced $565,000 of 0% buffered index-linked notes due June 12, 2026 based on the performance of 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 initial levels, the payout at maturity will be par plus the gain of the least performing index.

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

Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 10%.

Goldman, Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Buffered index-linked notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index
Amount:	$565,000
Maturity:	June 12, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above initial levels, par plus the gain of the least performing index; if any index falls by up to 10%, par; otherwise 1% loss for every 1% decline of the worst peformer beyond 10%
Initial index levels:	4,219.55 for S&P, 13,814.94 for Nasdaq
Buffer levels:	90% of initial levels
Pricing date:	June 9
Settlement date:	June 14
Agent:	Goldman, Sachs & Co. LLC
Fees:	4.1%
Cusip:	40057HJL5

© 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.