By Wendy Van Sickle
Columbus, Ohio, Aug. 9 – GS Finance Corp. priced $1.01 million of callable contingent coupon notes due Feb. 9, 2027 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Each quarter, the notes pay a contingent coupon at a rate of 7.25% per year if each index closes at or above 80% of its initial level on the observation date for that period.
The notes are callable at par on any coupon payment date after one year.
If the notes are not redeemed, the payout at maturity will be par plus the coupon, unless either index finishes below 80% of its initial level, in which case investors will be exposed to the loss of the least performing index beyond 20%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Callable contingent coupon notes
|
Underlying indexes: | Russell 2000 and Euro Stoxx 50
|
Amount: | $1,008,000
|
Maturity: | Feb. 9, 2027
|
Coupon: | 7.25% per year; payable each quarter that each index closes at or above 80% of its initial level on observation date for that period
|
Price: | Par
|
Payout at maturity: | Par plus coupon, unless either index finishes below 80% of initial level, in which case exposure to loss of least performing index beyond 20%
|
Call option: | At par on any coupon payment date after one year
|
Initial index levels: | 3,291.66 for Stoxx, 1,502.086 for Russell 2000
|
Coupon/buffer levels: | 80% of initial levels
|
Pricing date: | Aug. 6
|
Settlement date: | Aug. 9
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 4.15%
|
Cusip: | 40056FYG4
|
|
© 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.