By Kiku Steinfeld
Chicago, July 15 – GS Finance Corp. priced $387,000 of 0% index-linked notes due Jan. 3, 2023 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 1.17 times the return of the lesser performing index.
If the return of either index is negative but by no more than 30% 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. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Index-linked notes
|
Underlying indexes: | S&P 500, Russell 2000
|
Amount: | $387,000
|
Maturity: | Jan. 3, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index return is greater than or equal to initial level, par plus 1.17 times the lesser performing index return; if either index return is negative but by no more than 30% of initial level, par plus absolute value of the lesser performing index return; otherwise, investors will be fully exposed to the decline of the lesser performing index.
|
Initial levels: | 2,941.76 for S&P and 1,566.572 for Russell
|
Pricing date: | June 28
|
Settlement date: | July 3
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 1.14%
|
Cusip: | 40056FMP7
|
|
© 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.