New Issue: GS Finance sells $1.16 million index-linked notes on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, March 29 – GS Finance Corp. priced $1.16 million of 0% index-linked notes due March 26, 2026 linked to the least performing of the Dow Jones industrial average and 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 each index is zero or positive, the payout at maturity will be par plus 1.585 times the return of the least performing index.

Otherwise, investors will lose 1% for every 1% decline of the worst performer.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Index-linked notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$1,158,000
Maturity:	March 26, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If the return of each index is zero or positive, par plus 1.585 times the return of the least performing index; otherwise, 1% loss for every 1% decline of worst performer
Initial levels:	32,030.11 for Dow, 3,936.97 for S&P
Pricing date:	March 22
Settlement date:	March 24
Agent:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057R6K9

© 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.