Chicago, Sept. 27 – GS Finance Corp. priced $305,000 of callable contingent coupon equity-linked notes due Feb. 8, 2024 linked to the shares of Microsoft Corp., 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 quarterly coupon at an annual rate of 7.5% if the stock closes at or above the coupon barrier price, 65% of the initial price, on the valuation date for that period.
The notes are callable at par plus any contingent coupon otherwise due on any quarterly call valuation date after six months.
If the notes are not called, the payout at maturity will be par plus the final coupon unless the shares finish below the 65% barrier level, in which case investors will be fully exposed to decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon equity-linked notes
|
| Underlying stock: | Microsoft Corp.
|
| Amount: | $305,000
|
| Maturity: | Feb. 8, 2024
|
| Coupon: | 7.5% annual rate, payable quarterly if stock closes above coupon barrier level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon unless shares finish below barrier level, in which case investors will be fully exposed to decline
|
| Call: | At par plus any coupon due on any quarterly call valuation date after six months
|
| Initial share price: | $305.94
|
| Coupon barrier price: | 65% of initial share price
|
| Barrier level: | 65% of initial share price
|
| Pricing date: | Feb. 4
|
| Settlement date: | Feb. 9
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057L2V2
|
|
|
© 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.
