New Issue: GS Finance prices $595,000 index-linked notes on S&P, Russell

Chicago, Feb. 16 – GS Finance Corp. priced $595,000 of 0% index-linked notes due Jan. 17, 2029 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.

If the lesser performing index finishes at or above its initial level, the payout at maturity will be par plus the return of that index, capped at par plus 39.5%.

If any index finishes below its initial level but no index closes below 30%, the payout will be par plus the absolute value of the index return.

Otherwise, investors will be exposed to the losses of the worst performer from the initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$595,000
Maturity:	Jan. 17, 2029
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus return of worst performing index if both indexes finish positive, capped at par plus 39.5%; par plus absolute value of worst performing return if both indexes finish above barrier level; otherwise, 1% loss for each 1% decline of worst performer from initial level
Initial index levels:	4,780.24 for S&P, 1,955.456 for Russell
Barrier levels:	70% of initial levels
Pricing date:	Jan. 11
Settlement date:	Jan. 17
Agent:	Goldman Sachs & Co. LLC
Fees:	4.125%
Cusip:	40057XU37

© 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.