New Issue: GS Finance sells $2.3 million leveraged index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., July 31 – GS Finance Corp. priced $2.3 million of 0% leveraged index-linked notes due July 27, 2028 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.23 times the index return, capped at par plus 25.15%.

Investors will receive par if the index declines by no more than 30% and will lose 1% for every 1% decline if it finishes below the 70% trigger level.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Issue:	Leveraged index-linked notes
Underlying index:	S&P 500 index
Amount:	$2,304,000
Maturity:	July 27, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus 1.23 times the index return, capped at par plus 25.15%; if index falls by no more than 30%, par; otherwise, full exposure to index decline from initial level
Initial index level:	4,554.64
Trigger level:	70% of initial level
Pricing date:	July 24
Settlement date:	July 27
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.91%
Cusip:	40057TKU7

© 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.