By Kiku Steinfeld
Chicago, June 1 – GS Finance Corp. priced $15 million of 9% trigger callable yield notes due May 28, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The notes are callable at par on any coupon payment date after six months.
The payout at maturity will be par of $10 unless the index finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the index.
Goldman Sachs & Co. and UBS Financial Services Inc. are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger callable yield notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $14,998,570
|
| Maturity: | May 28, 2021
|
| Coupon: | 9% per year, payable monthly
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless index finishes below downside threshold, in which case 1% loss for each 1% decline of index
|
| Call option: | At par monthly on any coupon date after six months
|
| Initial level: | 3,036.13
|
| Downside threshold: | 2,125.29; 70% of initial level
|
| Pricing date: | May 27
|
| Settlement date: | May 29
|
| Underwriter: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | 1.05%
|
| Cusip: | 36259J381
|
|
|
|
|
© 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.
