New Issue: GS Finance sells $10,000 index-linked notes on Nasdaq, Russell

By Wendy Van Sickle

Columbus, Ohio, April 29 – GS Finance Corp. priced $10,000 of 0% index-linked notes due May 29, 2020 linked to the lesser performing of the Nasdaq-100 index and 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 neither index ever closes below its 75% trigger level during the life of the notes, the payout will be the maximum settlement amount of $1,075.50 for each $1,000 of notes.

If either index has closed below the trigger level during the life of the notes, but neither finishes below its initial level, the payout will be par.

Otherwise investors will lose 1% for every 1% decline of the worse performing index.

Goldman, Sachs & Co. is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Nasdaq-100, Russell 2000
Amount:	$10,000
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If neither index ever closes below 75% trigger during life of notes, $1,075.50 for each $1,000; if either index has ever closed below its trigger, but neither finishes below its initial level, par; otherwise, 1% loss for every 1% decline of the worse performing index
Initial levels:	7,816.919 for Nasdaq and 1,575.612 for Russell
Pricing date:	April 25
Settlement date:	April 30
Underwriter:	Goldman Sachs & Co.
Fees:	2.28%
Cusip:	40056FAH8

© 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.