By Susanna Moon
Chicago, March 30 - Goldman Sachs Group, Inc. priced $4.48 million of callable quarterly index-linked range accrual notes due March 31, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The coupon will be 7% for the first year. After that, it will be 7% for each day that the index closes above the trigger level, which will be 76.33% of the initial level. Interest is payable quarterly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date beginning March 31, 2012.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable quarterly index-linked range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,477,000
|
| Maturity: | March 31, 2026
|
| Coupon: | 7% for first year; then 7% for each day that index closes above trigger level; payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call option: | At par on interest payment dates after one year
|
| Initial index level: | 1,310.19
|
| Trigger level: | 1,000.068, or 76.33% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 5.55%
|
| Cusip: | 38143USW2
|
© 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.
