New Issue: GS Finance sells $1.35 million 8.1% fixed coupon index-linked notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., Oct. 24 – GS Finance Corp. priced $1.35 million of 8.1% fixed coupon index-linked notes due Oct. 23, 2025 linked to the Russell 2000 index 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.

Interest is payable semiannually.

The payout at maturity will be par if each index finishes at or above its 85% trigger level.

Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Fixed coupon index-linked notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$1,351,000
Maturity:	Oct. 23, 2025
Coupon:	8.1% per year, payable semiannually
Price:	Par
Payout at maturity:	If each index finishes at or above trigger level, par; otherwise, lose 1% for every 1% decline of the worst performer below 15%
Initial levels:	1,728.809 for Russell, 4,314.6 for S&P
Trigger level:	85% of initial levels
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Underwriter:	Goldman Sachs & Co.
Fees:	None
Cusip:	40057WNX1

© 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.