New Issue: GS Finance sells $1.91 million leveraged buffered basket-linked notes

By William Gullotti

Buffalo, N.Y., April 19 – GS Finance Corp. priced $1.91 million of 0% leveraged buffered notes due Oct. 3, 2024 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 Equal Weight index with a 70% weight and the MSCI EAFE index with a 30% weight.

The payout at maturity will be par plus 1.5 times the basket gain, subject to a maximum payout of par plus 17%.

Investors will gain 1% for every 1% decline if the basket finishes flat or falls by up to 10% and will lose 1% for every 1% decline beyond 10%.

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 buffered index-linked notes
Underlying assets:	S&P 500 Equal Weight index (70%), MSCI EAFE index (30%)
Amount:	$1,909,000
Maturity:	Oct. 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.5 times basket gain, up to par plus 17%; if basket finishes flat or declines by up to 10%, par plus absolute value of basket return; otherwise, 1% loss for every 1% decline beyond 10%
Initial levels:	5,878.1 for S&P, 2,092.6 for MSCI EAFE
Buffer level:	90% of initial level
Pricing date:	March 31
Settlement date:	April 5
Agent:	Goldman Sachs & Co. LLC
Fees:	2.375%
Cusip:	40057R5R5

© 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.