By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $9.44 million of callable range accrual notes due Sept. 30, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The coupon will be payable monthly at an annual rate of 6.05% for each day the index closes at or above its 80% barrier level.
The payout at maturity will be par, unless the index falls by more than 20%, in which case investors will be exposed to the loss beyond 20%.
The notes will be callable at par on any interest payment date after one year.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group Inc.
|
Issue: | Callable range accrual notes
|
Underlying index: | S&P 500
|
Amount: | $9,439,000
|
Maturity: | Sept. 30, 2024
|
Coupon: | Payable monthly at annual rate of 6.05% for each day the index closes at or above its 80% barrier level
|
Price: | Par
|
Call: | At par on any interest payment date after one year
|
Payout at maturity: | Par unless index falls by more than 20%, in which case exposure to loss beyond 20%
|
Initial index level: | 2,361.13
|
Barrier level: | 1,888.904, 80% of its initial level
|
Pricing date: | March 29
|
Settlement date: | March 31
|
Agents: | Goldman Sachs & Co.
|
Fees: | 4.9%
|
Cusip: | 40054KYR1
|
|
© 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.