By Sarah Lizee
Olympia, Wash., Dec. 10 – GS Finance Corp. priced $4.67 million of callable contingent coupon notes due Nov. 29, 2029 linked to the S&P 500 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.
The notes will pay a contingent monthly coupon if each index closes at or above its 77.5% coupon trigger level on the determination date for that period. The coupon will be at an annualized rate of 4%.
The notes may be called at par plus any contingent coupon due at the issuer’s option on any coupon payment date after one year.
If the notes are not called, the payout will be par.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $4,674,000
|
| Maturity: | Nov. 29, 2029
|
| Contingent coupon: | Payable semiannually if each index closes at or above 77.5% coupon trigger level on the determination date for that period; annual coupon rate is 4%
|
| Price: | Par
|
| Payout at maturity: | Par
|
| Call: | At par plus any contingent coupon at issuer’s option on any coupon payment date after one year
|
| Initial index levels: | 1,621.904 for Russell, 3,133.64 for S&P
|
| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.7%
|
| Cusip: | 40056XLA2
|
|
|
© 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.
