By Sarah Lizee
Olympia, Wash., June 2 – GS Finance Corp. priced $1.87 million of callable contingent coupon equity-linked securities due May 29, 2030 linked to the worst performing of the Dow Jones industrial average, the Russell 2000 index and 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.
The notes pay a contingent monthly coupon at an annualized rate of 4% if each asset closes at or above its coupon barrier level, 80% of its initial level, on the valuation date for that period.
The notes will be callable in whole at par plus any coupon due on any monthly valuation date after six months.
If the notes are not redeemed, the payout will be par plus the final coupon, if any.
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 equity-linked securities
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Underlying assets: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $1.87 million
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Maturity: | May 29, 2030
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Contingent coupon: | 4% per year, payable monthly if each asset closes at or above coupon barrier on the valuation date for that period
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Price: | Par
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Payout at maturity: | Par plus coupon, if any
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Call option: | In whole at par plus any coupon due on any monthly valuation date after six months
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Initial level: | 1,393.074 for Russell, 24,995.11 for Dow and 2,991.77 for S&P
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Coupon barriers: | 80% of initial levels
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Pricing date: | May 26
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Settlement date: | May 29
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.95%
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Cusip: | 40057EAB3
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