New Issue: GS Finance prices $7.56 million digital notes tied to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, March 24 – GS Finance Corp. priced $7.56 million 0% digital notes due Sept. 27, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Goldman Sachs Group, Inc.

If the index finishes at or above the 85% trigger level, the payout at maturity will be the maximum settlement amount of $1,110 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1765% for every 1% decline beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	Euro Stoxx 50
Amount:	$7,556,000
Maturity:	Sept. 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 15%, $1,110 per $1,000 of notes; otherwise, 1.1765% loss for every 1% decline beyond 15%
Initial index level:	3,051.23
Pricing date:	March 22
Settlement date:	March 29
Agent:	Goldman Sachs & Co.
Fees:	1.08%
Cusip:	40054K6N1

© 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.