New Issue: GS Finance sells $3.11 million digital index-linked notes on S&P

By Sarah Lizee

Olympia, Wash., March 12 – GS Finance Corp. priced $3.11 million of 0% digital index-linked notes due June 7, 2021 linked to 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 index closes at or above 90% of its initial level, the payout at maturity will be $1,095 per $1,000 note.

Otherwise, investors will lose 1.1111% for every 1% decline of the index beyond 10%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500 index
Amount:	$3,105,000
Maturity:	June 7, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index closes at or above buffer level, $1,095 per $1,000 note; otherwise, 1.1111% loss for every 1% decline beyond buffer
Initial index level:	3,003.37
Buffer level:	90% of initial level
Pricing date:	March 3
Settlement date:	March 10
Underwriter:	Goldman Sachs & Co. LLC
Fees:	1.04%
Cusip:	40056YNE0

© 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.