By Sarah Lizee
Olympia, Wash., July 2 – GS Finance Corp. priced $619,000 of 0% index-linked notes due June 28, 2024 linked to the lesser performing of the S&P 500 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 the return of each index is greater than or equal to its initial level, the payout will be par plus 1.165 times the return of the lesser performing index.
If the return of either index is negative but not by more than 65% of its initial level, the payout will be par plus the absolute value of the return of the lesser performing index.
Otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level.
Goldman, Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500, Russell 2000
|
Amount: | $619,000
|
Maturity: | June 28, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the return of each index is greater than or equal to its initial level, par plus 1.165 times the return of the lesser performing index; if the return of either index is negative but not by more than 65% of its initial level, par plus the absolute value of the return of the lesser performing index; otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level
|
Initial levels: | 2,917.38 for S&P and 1,521.035 for Russell
|
Pricing date: | June 25
|
Settlement date: | June 28
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 4.95%
|
Cusip: | 40056FLE3
|
© 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.