New Issue: GS Finance prices $1 million digital index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., Nov. 9 – GS Finance Corp. priced $1 million of 0% digital index-linked notes due Nov. 6, 2024 linked to 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 the index finishes at or above its threshold level, 85% of initial level, the payout at maturity will be par plus 18.79%. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$1 million
Maturity:	Nov. 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above threshold level, par plus 18.79%; otherwise, 1% loss for every 1% of index decline from initial level
Initial index level:	4,660.57
Threshold level:	85% of initial level
Pricing date:	Nov. 3
Settlement date:	Nov. 10
Agent:	Goldman Sachs & Co. LLC
Fees:	2.25%
Cusip:	40057JYY6

© 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.