New Issue: GS Finance sells $415,000 index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., April 8 – GS Finance Corp. priced $415,000 of 0% index-linked notes due April 3, 2025 linked to the performance of 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 return of the index is zero or positive, the payout at maturity will be par plus the index return, subject to a maximum payout of par plus 20%.

Otherwise, investors will lose 1% for every 1% decline of the index from its initial level, subject to a minimum payment of 95% of par.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$415,000
Maturity:	April 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is zero or positive, par plus index return capped at 20%; otherwise, investors will lose 1% for every 1% decline of the index from its initial level, subject to a minimum payment of 95% of par
Initial level:	4,530.41
Pricing date:	March 31
Settlement date:	April 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057LLP4

© 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.