By Wendy Van Sickle
Columbus, Ohio, March 6 – GS Finance Corp. priced $5.8 million of callable contingent coupon notes due March 5, 2026 linked to the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 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 quarterly coupon of 7.5% per annum if each index closes at or above its 70% coupon trigger level on the observation date for that quarter.
The notes will be callable at par on any quarterly call date after two years.
The payout at maturity will be par plus any coupon, unless any index falls by more than 40%, in which case investors will have full exposure to the loss of the least-performing index.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon notes
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
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Amount: | $5.8 million
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Maturity: | March 5, 2026
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Contingent coupon: | 7.5% annualized, payable quarterly if each index closes at or above coupon trigger level on observation date for that quarter
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Price: | Par
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Payout at maturity: | Par plus any coupon, unless any index falls by more than 40%, in which case full exposure to loss of least-performing index
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Call option: | At par plus any contingent coupon on any quarterly call date after tow years
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Initial index levels: | 1,476.431 for Russell, 8,461.835 for Nasdaq and 25,409.36 for Dow
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Coupon barriers: | 70% of initial levels
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 0.625%
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Cusip: | 40056YNA8
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