By William Gullotti
Buffalo, N.Y., Feb. 17 – GS Finance Corp. priced $1.55 million of 0% notes due Feb. 17, 2027 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index.
The notes are guaranteed by Goldman Sachs Group, Inc.
The settlement at maturity is dependent upon the weighted return of the basket, which is determined by adding of the products of the highest performing basket index’s return times 50%, the second highest performing basket index’s return times 40% and the laggard basket index’s return times 10%.
If the weighted basket return is positive, the payout at maturity will be par plus the weighted return.
If the basket declines up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the weighted basket return is less than the basket’s initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Basket-linked notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index, Euro Stoxx 50 index
|
| Amount: | $1,553,000
|
| Maturity: | Feb. 17, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Settlement at maturity is dependent upon the weighted return of the basket, which is determined by adding of the products of the highest performing basket index return times 50% plus the second highest basket index return times 40% plus the laggard basket index return times 10%; if the weighted basket return is positive, par plus the weighted return; if the basket declines up to 30%, par; otherwise, lose 1% for every 1% that the weighted basket return is less than the basket’s initial level
|
| Initial levels: | 4,418.64 for S&P, 4,155.23 for Stoxx, 2,030.146 for Russell
|
| Barrier level: | 70%
|
| Pricing date: | Feb. 11
|
| Settlement date: | Feb. 16
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 40057L5L1
|
|
|
© 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.
