By Taylor Fox
New York, Feb. 16 – GS Finance Corp. priced $2.7 million of callable contingent coupon index-linked notes due Jan. 20, 2023 tied to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 8.8% if each index closes above its 70% coupon barrier on the related observation date.
The notes can be redeemed at par on any quarterly coupon payment date.
The payout at maturity will be par unless any index closes below its 70% trigger, in which case investors will be exposed to the decline of the least-performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
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: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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Amount: | $2.7 million
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Maturity: | Jan. 20, 2023
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Coupon: | 8.8%, payable quarterly if each index closes above its coupon barrier on the related observation date
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Price: | Par
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Payout at maturity: | Par unless any index closes below trigger level, in which case 1% loss for every 1% that least-performing index finishes below initial level
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Call option: | At par on any quarterly coupon payment date
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Initial index levels: | 12,803.93 for Nasdaq, 3,768.25 for S&P, 2,123.201 for Russell
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Coupon barrier levels: | 70% of initial levels
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Trigger levels: | 70% of initial levels
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Pricing date: | Jan. 15
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Settlement date: | Jan. 21
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 1.4%
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Cusip: | 40057F4P6
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