By Kiku Steinfeld
Chicago, April 4 – GS Finance Corp. priced $582,000 of 12.1% callable fixed coupon equity-linked notes due Dec. 12, 2024 linked to the shares of Salesforce, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
The notes are callable at par plus the fixed coupon on any quarterly interest payment date.
If the notes are not called, the payout at maturity will be par unless the stock finishes below its 55% trigger buffer level, in which case investors will lose 1% for every 1% decline of the stock from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed coupon equity-linked notes
|
| Underlying stock: | Salesforce, Inc.
|
| Amount: | $582,000
|
| Maturity: | Dec. 12, 2024
|
| Coupon: | 12.1% per year, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock finishes below its trigger buffer level, in which case investors will lose 1% for every 1% decline from initial level
|
| Call option: | At par plus the fixed coupon on any quarterly coupon payment date
|
| Initial level: | $131.11
|
| Trigger buffer level: | 55% of initial level
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 14
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 40057P7J5
|
|
|
© 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.
