By Toni Weeks
San Luis Obispo, Calif., April 29 - Goldman Sachs Group, Inc. priced $2.47 million of callable monthly Russell 2000 index-linked range accrual notes due April 30, 2024, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 5% for each day that the index closes at or above the 77.5% coupon barrier level. Interest is payable monthly.
The payout at maturity will be par.
The notes will be callable at par on any interest payment date.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Callable monthly range accrual notes
|
Underlying index: | Russell 2000
|
Amount: | $2.47 million
|
Maturity: | April 30, 2024
|
Coupon: | 5% annualized per day that index closes at or above coupon barrier level; payable monthly
|
Price: | Par
|
Payout at maturity: | Par
|
Call option: | At par on any interest payment date beginning July 30
|
Initial level: | 1,117.062
|
Coupon barrier level: | 865.72305, 77.5% of initial level
|
Trigger level: | 80% of initial index level
|
Pricing date: | April 25
|
Settlement date: | April 30
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 3.55%
|
Cusip: | 38147Q2C9
|
© 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.