By Taylor Fox
New York, Feb. 4 – GS Finance Corp. priced $605,000 of callable contingent coupon equity-linked notes due Jan. 6, 2023 linked to the American Depositary Shares of Alibaba Group Holding Ltd., 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 annual rate of 12.8% if the stock closes at or above 65% of its initial level on the related observation date.
The notes are callable at par plus any coupon due on any quarterly coupon payment date.
The payout at maturity will be par if the stock closes at or below 65% of its initial level. If the stock return is less than the 65% buffer price, investors will receive par plus the return.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon equity-linked notes
|
| Underlying stock: | Alibaba Group Holding Ltd.
|
| Amount: | $605,000
|
| Maturity: | Jan. 6, 2023
|
| Coupon: | 12.8% per year, payable each quarter that stock closes at or above coupon trigger level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if the stock closes above trigger buffer level; if the final stock return is less than the trigger buffer level, investors will lose 1% for each 1% decline of the stock
|
| Call option: | At par plus any coupon due on any quarterly coupon payment date
|
| Initial stock level: | $232.73
|
| Coupon trigger level: | 65% of initial level
|
| Trigger buffer level: | 65% of initial level
|
| Pricing date: | Dec. 31
|
| Settlement date: | Jan. 6
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.925%
|
| Cusip: | 40057F2D5
|
© 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.
