By Wendy Van Sickle
Columbus, Ohio, Sept. 5 – GS Finance Corp. priced $375,000 of 4.6% callable fixed-coupon buffered notes due Aug. 31, 2023 linked to 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.
Following an initial one-year non-call period, the notes are callable at par plus the coupon on any quarterly redemption date.
The payout at maturity will be par unless the index finishes at or below the buffer level, 85% of the initial level, in which case investors will exposed to the decline of the index beyond the buffer.
The agent is Goldman Sachs & Co. LLC.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Callable fixed-coupon securities
|
Underlying index: | Russell 2000
|
Amount: | $375,000
|
Maturity: | Aug. 31, 2023
|
Coupon: | 4.6%, payable quarterly
|
Price: | Par of $1,000
|
Payout at maturity: | Par unless index finishes below buffer, in which exposure to loss beyond buffer
|
Call option: | At par on any quarterly redemption date after one year
|
Initial level: | 1,728.422
|
Buffer level: | 85% of initial level
|
Pricing date: | Aug. 28
|
Settlement date: | Aug. 31
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 3.6%
|
Cusip: | 40055QP48
|
|
© 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.