By Wendy Van Sickle
Columbus, Ohio, Oct. 4 – GS Finance Corp. priced $1.21 million of callable contingent coupon notes due Sept. 27, 2029 linked to the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at an annualized rate of 8% if each index closes at or above 70% of its initial level on the observation date for that period.
The notes are callable at par on any coupon payment date.
If the notes are not redeemed, the payout at maturity will be par plus any coupon unless any index finishes below 60% of its initial level, in which case investors will be exposed to the loss of the least performing index.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
|
| Amount: | $1.21 million
|
| Maturity: | Sept. 27, 2029
|
| Coupon: | 8%, payable each quarter that each index closes at or above 70% of its initial level on the observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon unless any index finishes below 60% of initial level, in which case exposure to loss of least performing index
|
| Call option: | At par on any coupon payment date
|
| Initial index levels: | 1,550.654 for Russell, 26,970.71 for Dow and 7,803.542 for Nasdaq
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 27
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3.55% Cusip: | 40056XDY9
|
|
|
© 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.
