New Issue: GS Finance sells $190,000 leveraged buffered basket-linked notes on indexes

By Sarah Lizee

Olympia, Wash., Nov. 8 – GS Finance Corp. priced $190,000 of 0% leveraged buffered notes due Nov. 5, 2024 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index, the S&P MidCap 400 index and the Russell 2000 index, each with a roughly 33.33% weight.

The payout at maturity will be par plus 1.1 times the basket gain.

Investors will receive par if the basket finishes flat or falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged buffered index-linked notes
Underlying indexes:	S&P 500 index, the S&P MidCap 400 index and Russell 2000 index, each with a roughly 33.33% weight
Amount:	$190,000
Maturity:	Nov. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.1 times basket gain; par if basket finishes flat or declines by up to 20%; 1% loss for every 1% decline beyond 20%
Initial levels:	3,037.56 for S&P 500, 1,955.37 for S&P MidCap, 1,562.452 for Russell
Buffer levels:	20% of initial levels
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	Goldman Sachs & Co. LLC
Fees:	0.9%
Cusip:	40056XGL4

© 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.