New Issue: GS Finance sells $325,000 index-linked notes on Dow, S&P

By Kiku Steinfeld

Chicago, Nov. 15 – GS Finance Corp. priced $325,000 of 0% index-linked notes due March 31, 2023 tied to the Dow Jones industrial average and 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 worse-performing index gains, the payout will be par plus its return, capped at 9.5%.

If either index falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for every 1% that the worse-performing index falls beyond 15%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average and S&P 500
Amount:	$325,000
Maturity:	March 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If worse-performing index gains, par plus its return, capped at 9.5%; if either index falls by up to 15%, par; otherwise, exposure to decline of worse-performing index beyond 15%
Initial levels:	33,544.34 for Dow, 4,262.45 for S&P
Buffer levels:	85% of initial levels
Pricing date:	March 15
Settlement date:	March 18
Agent:	Goldman Sachs & Co. LLC
Fees:	1.65%
Cusip:	40057LGN5

© 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.