New Issue: GS Finance sells $6.12 million index-linked notes on S&P, Dow

By William Gullotti

Buffalo, N.Y., June 9 – GS Finance Corp. priced $6.12 million of 0% index-linked notes due Sept. 8, 2023 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, 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 zero or positive, the payout at maturity will be par plus the return of the lesser performer capped at 8.75%.

If the least performing index falls by up to 20%, the payout will be par plus the absolute value of that index’s return.

Otherwise, investors will be exposed to any losses of the worst performing index below the trigger buffer.

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 index, Dow Jones industrial average
Amount:	$6,115,000
Maturity:	Sept. 8, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus the return of the lesser performer capped at 8.75%; if any index falls but the final underlier level of each is greater than or equal to the 80% trigger buffer level, par plus the absolute value of the return of the lesser performer; if any index falls by more than 20%, investors will lose 1% for every 1% decline of the worst performer beyond 20%
Initial levels:	4,176.82 for S&P, 33,248.28 for Dow
Trigger buffer levels:	80% of initial levels
Pricing date:	June 2
Settlement date:	June 7
Agent:	Goldman Sachs & Co. LLC
Fees:	0.25%
Cusip:	40057MC56

© 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.