New Issue: GS Finance prices $500,000 index-linked notes on S&P, Stoxx

By William Gullotti

Buffalo, N.Y., Aug. 18 – GS Finance Corp. priced $500,000 of 0% index-linked notes due June 20, 2024 linked to the least performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the return of each index is zero or positive, the payout at maturity will be par plus 1.53 times the return of the worst performer, subject to a maximum payout of par plus 53%.

If the least performing index falls by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer below 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index, Euro Stoxx 50 index
Amount:	$500,000
Maturity:	June 20, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.53 times the return of the worst performer, capped at par plus 53%; if any index falls but the final underlier level of each is greater than or equal to the 85% trigger buffer level, par; if any index falls by more than 15%, investors will be fully exposed to the decline of the worst performing index below the buffer
Initial levels:	4,422.3 for S&P, 4,102.59 for Stoxx
Trigger buffer levels:	85% of initial levels
Pricing date:	June 16
Settlement date:	June 21
Agent:	Goldman Sachs & Co. LLC
Fees:	None
Cusip:	40057HM64

© 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.