New Issue: Goldman prices $6.79 million leveraged buffered notes on indexes, funds

By Susanna Moon

Chicago, May 10 – GS Finance Corp. priced $6.79 million of 0% leveraged notes due May 3, 2021 linked to a basket of indexes and exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 70% weight, the iShares MSCI EAFE ETF with a 15% weight, the S&P MidCap 400 index with a 8% weight, the iShares MSCI Emerging Markets ETF with a 4% weight and the Russell 2000 index with a 3% weight.

The payout at maturity will be par plus 1.27 times any basket gain.

Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Leveraged notes
Underlying indexes:	S&P 500 index (70% weight), iShares MSCI EAFE ETF (15% weight), S&P MidCap 400 index (8% weight), iShares MSCI Emerging Markets ETF (4% weight) and Russell 2000 index (3% weight)
Amount:	$6,788,000
Maturity:	May 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 127% of any basket gain; par if index falls by up to 20%; 1.25% loss per 1% decline beyond 20%
Initial levels:	2,384.20 for S&P 500, $63.80 for MSCI EAFE fund, 1,732.76 for S&P MidCap, $40.06 for MSCI Emerging Markets fund and 1,400.428 for Russell
Pricing date:	April 28
Settlement date:	May 3
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.3%
Cusip:	40054L6S8

© 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.