New Issue: GS Finance sells $9.57 million leveraged notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Jan. 25 – GS Finance Corp. priced $9.57 million of 0% leveraged index-linked notes due March 10, 2023 tied 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 above its initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of $1,130 for each $1,000 principal amount of notes. Otherwise, investors will be exposed to the index’s decline.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500
Amount:	$9,567,000
Maturity:	March 10, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3 times any index gain, up to maximum return of 13%; otherwise, exposure to index’s decline
Initial index level:	4,677.03
Pricing date:	Jan. 7
Settlement date:	Jan. 12
Underwriter:	Goldman Sachs & Co. LLC
Fees:	2.25%
Cusip:	40057KRH8

© 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.