New Issue: GS Finance sells $30.28 million market-linked notes on index basket

By Marisa Wong

Morgantown, W.Va., Nov. 28 – GS Finance Corp. priced $30.28 million of 0% market-linked notes due May 31, 2023 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket consists of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.

If the basket return is positive, the payout at maturity will be par plus 1.15 times the basket gain. If the basket finishes flat or falls, the payout will be par.

Goldman Sachs & Co. is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Basket market-linked notes
Underlying basket:	Euro Stoxx 50 (40% weight), FTSE 100 (20% weight), Nikkei 225 (20% weight), Swiss Market (7.5% weight), S&P/ASX 200 (7.5% weight) and Hang Seng (5% weight)
Amount:	$30,278,000
Maturity:	May 31, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 115% of any basket gain; par if basket finishes flat or falls
Initial levels:	3,547.46 for Euro Stoxx, 7,380.68 for FTSE, 22,396.80 for Nikkei, 9,183.61 for Swiss Market, 5,957.254 for S&P/ASX and 29,199.04 for Hang Seng
Pricing date:	Nov. 17
Settlement date	:	Nov. 22
Underwriter:	Goldman Sachs & Co.
Fees:	3.85%
Cusip:	40055A3U9

© 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.