By Susanna Moon
Chicago, June 2 – Goldman Sachs Group, Inc. priced $4.5 million of callable buffered monthly S&P 500 index-linked range accrual notes due Nov. 29, 2022, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 6.4% for each day that the index closes at or above the 80% barrier level. Interest is payable monthly.
The payout at maturity will be par unless the index falls by more than 20%, in which case investors will be exposed to losses beyond 20%.
The notes will be callable at par on any interest payment date after one year.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable buffered monthly range accrual notes
|
| Underlying index: | S&P 500
|
| Amount: | $4.5 million
|
| Maturity: | Nov. 29, 2022
|
| Coupon: | 6.4% for each day that index closes at or above trigger level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par unless the index falls by more than 20%, in which case exposure to losses beyond 20%
|
| Call option: | At par on any interest payment date beginning May 29, 2016
|
| Initial level: | 2,123.48
|
| Coupon barrier: | 80% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | May 29
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.62%
|
| Cusip: | 38148T2P3
|
|
|
|
|
© 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.
