Chicago, Oct. 10 – GS Finance Corp. priced $100,000 of callable contingent coupon equity-linked notes due Oct. 9, 2025 linked to the shares of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a 9.6% contingent quarterly coupon if the stock closes at or above the coupon barrier price, 60% of the initial price, on the corresponding observation date.
The notes are callable at par plus any contingent coupon otherwise due on any quarterly call valuation date starting after six months.
If the notes are not called, the payout at maturity will be par if the stock closes above the 60% trigger buffer price. Otherwise, investors will be fully exposed to the losses of the stock.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon equity-linked notes
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Underlying stock: | Apple Inc.
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Amount: | $100,000
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Maturity: | Oct. 9, 2025
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Coupon: | 9.6% annual rate, payable quarterly if stock closes above coupon trigger price on related observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon if stock closes above trigger buffer prices; otherwise, full exposure to losses of stock
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Call: | At par plus any coupon due on any quarterly call valuation date starting after six months
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Initial share price: | $173.66
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Coupon barrier price: | 60% of initial share price
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Barrier level: | 60% of initial share price
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Pricing date: | Oct. 4
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Settlement date: | Oct. 10
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 1%
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Cusip: | 40057WLM7
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