Chicago, Feb. 14 – GS Finance Corp. priced $222,000 of callable contingent coupon notes due Jan. 31, 2029 linked to the performances of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annualized rate of 6.35% if each index closes at or above 50% of its initial level on the observation date for that period.
The notes will be callable at par plus any coupon on any coupon payment date beginning in January 2020 and ending with the October 2028 date.
The payout at maturity will be par plus the final coupon unless either index falls by more than 50%, in which case investors will be fully exposed to the decline of the lower performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon notes
|
| Underlying indexes: | Russell 2000 index and S&P 500 index
|
| Amount: | $222,000
|
| Maturity: | Jan. 31, 2029
|
| Contingent coupon: | 6.35% per year, payable quarterly if each index closes at or above coupon trigger level on the observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon, unless either index falls by more than 50%, in which case investors will be fully exposed to the decline of the lower performing index.
|
| Call option: | At par plus any coupon on any coupon payment date beginning in January 2020 and ending in October 2028
|
| Initial levels: | 1,471.448 for Russell and 2,640.00 for S&P
|
| Coupon trigger level: | 50% of initial levels
|
| Pricing date: | Jan. 29
|
| Settlement date: | Jan. 31
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.45%
|
| Cusip: | 40056ERE0
|
|
|
© 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.
