By Angela McDaniels
Tacoma, Wash., Jan. 17 - Goldman Sachs Group, Inc. priced $5.7 million of 0% exchangeable equity-linked notes due March 28, 2016 linked to the common stock of Google Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes priced at 99.5.
The notes are exchangeable at any time for 1.3102 shares of Google stock per $1,000 principal amount of notes. The issuer has the option to settle exchanges in cash instead of shares.
The payout at maturity will be a cash amount equal to the average of the averaging date prices on March 18, 2016, March 21, 2016 and March 22, 2016. The averaging date price is the greater of (a) $1,000 and (b) the product of the closing price of Google stock on that day multiplied by the exchange rate, 1.3102.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Exchangeable equity-linked notes
|
| Underlying stock: | Google, Inc. (Symbol: GOOG)
|
| Amount: | $5.7 million
|
| Maturity: | March 28, 2016
|
| Coupon: | 0%
|
| Price: | 99.5
|
| Payout at maturity: | Cash amount equal to average of averaging date prices on March 18, 2016, March 21, 2016 and March 22, 2016; averaging date price is greater of (a) $1,000 and (b) product of closing price of Google stock on that day multiplied by 1.3102
|
| Exchange option: | Exchangeable at any time for 1.3102 shares of Google; issuer has option to settle exchanges in cash instead of shares
|
| Initial share price: | $629.64
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 20
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.3%
|
| Cusip: | 38143UM65
|
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