New Issue: GS Finance sells $2.54 million index-linked notes on S&P 500

By William Gullotti

Buffalo, N.Y., July 6 – GS Finance Corp. priced $2.54 million of 0% index-linked notes due July 2, 2026 linked to the performance of the S&P 500 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 the index is positive, the payout at maturity will be par plus the return of the index, subject to a maximum payout of par plus 32.5%.

Otherwise, investors will receive par.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying index:	S&P 500 index
Amount:	$2,537,000
Maturity:	July 2, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the index return is positive, par plus the return capped at 32.5%; otherwise, par
Initial level:	3,818.83
Pricing date:	June 29
Settlement date:	July 5
Agent:	Goldman Sachs & Co. LLC
Fees:	2.75%
Cusip:	40057MGT0

© 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.