New Issue: GS Finance sells $9.16 million callable contingent coupon notes on indexes

By Sarah Lizee

Olympia, Wash., April 2 – GS Finance Corp. priced $9.16 million of callable contingent coupon notes due April 1, 2030 linked to the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The notes will pay a contingent monthly coupon of 6.7% per annum if each index closes at or above its 80% coupon trigger level on the observation date for that month.

The notes will be callable at par on any monthly call date after six months.

The payout at maturity will be par plus the final coupon, if any.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable contingent coupon notes
Underlying indexes:	S&P 500, Dow Jones industrial average, Russell 2000
Amount:	$9,163,000
Maturity:	April 1, 2030
Contingent coupon:	6.7% annualized, payable monthly if each index closes at or above coupon trigger level on observation date for that month
Price:	Par
Payout at maturity:	Par plus coupon, if any
Call option:	At par on any monthly call date after six months
Initial index levels:	1,180.319 for Russell, 2,630.07 for S&P and 22,552.17 for Dow
Coupon trigger levels:	80% of initial levels
Pricing date:	March 26
Settlement date:	March 31
Underwriter:	Goldman Sachs & Co. LLC
Fees:	3.2%
Cusip:	40056YPE8

© 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.