New Issue: GS Finance prices $660,000 4% callable fixed-coupon notes on Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, June 7 – GS Finance Corp. priced $660,000 4% callable fixed-coupon notes due May 6, 2024 linked to the least performing of 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.

Interest is payable quarterly.

The notes will be callable at par plus the coupon on any quarterly call date after one year.

The payout at maturity will be par unless any index finishes below 85% of its initial level, in which case investors will lose 1% for every 1% decline of the least performing index beyond 15%.

Goldman Sachs & Co. LLC is the underwriter.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Callable fixed-coupon notes
Underlying indexes:	S&P 500 index, Russell 2000
Amount:	$660,000
Maturity:	May 6, 2024
Coupon:	4%, payable quarterly
Price:	Par
Call:	At par plus the coupon on any quarterly call date after one year
Payout at maturity:	If the notes are not subject to an automatic call, the payout at maturity will be par unless any index finishes below buffer level, in which case investors will lose 1% for every 1% decline of the least performing index beyond 15%
Initial levels:	4,211.47 for S&P, 2,295.456 for Russell
Buffer levels:	85% of initial levels
Pricing date:	April 29
Settlement date:	May 4
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0.5%
Cusip:	40057H3X6

© 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.