New Issue: GS Finance sells $279,000 digital notes due 2021 on Russell 2000

By Sarah Lizee

Olympia, Wash., Dec. 27 – GS Finance Corp. priced $279,000 of 0% digital notes due Dec. 24, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

If the index return is at least 85% of the initial level, the payout at maturity will be the threshold settlement amount of $1,190 per $1,000 principal amount.

Otherwise, investors will lose 1% for every 1% decline in the index beyond 15%.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital notes
Underlying index:	Russell 2000
Amount:	$279,000
Maturity:	Dec. 24, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is at least 85% of initial level, $1,190 per $1,000 of notes; otherwise, 1% loss for every 1% decline in the index beyond 15%
Initial index level:	1,292.086
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Underwriter:	Goldman Sachs & Co.
Fees:	2.975%
Cusip:	40056EK98

© 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.