By Wendy Van Sickle
Columbus, Ohio, June 8 – GS Finance Corp. priced $1 million of callable contingent coupon notes due June 8, 2027 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 8.05% if each index closes at or above its 60% coupon barrier on the observation date for that period.
The notes are callable at par on any contingent coupon payment date after one year.
The payout at maturity will be par plus the contingent coupon unless either index finishes below its 50% trigger level, in which case investors will be fully exposed to the decline of the worse performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Callable contingent coupon notes
|
Underlying indexes: | Russell 2000, Euro Stoxx 50
|
Amount: | $1 million
|
Maturity: | June 8, 2027
|
Coupon: | 8.05% per year, payable quarterly if each index closes at or above 60% coupon barrier on determination date for that period
|
Price: | Par
|
Payout at maturity: | Par unless either index falls by more than 50%, in which case full exposure to losses of worse performing index
|
Call option: | At par on any interest payment date after one year
|
Initial levels: | 1,396.451 for Russell 2000 and 3,579.55 for Euro Stoxx 50
|
Coupon barrier: | 60% of initial levels
|
Triggers: | 50% of initial levels
|
Pricing date: | June 5
|
Settlement date: | June 8
|
Underwriter: | Goldman, Sachs & Co.
|
Fees: | 2.2%
|
Cusip: | 40054LFQ2
|
|
© 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.