By Jennifer Chiou
New York, March 26 – Goldman Sachs Group, Inc. priced $60,004,480 of 8% equity-linked notes due March 31, 2016 linked to the common stock of Laboratory Corp. of America Holdings, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If the final share price is greater than or equal to the upper strike price of $146.778, 113.5% of the initial price, the payout at maturity will be (a) par of $129.32 plus (b) 0.65 times the difference of the final price minus the upper strike price.
If the final share price is greater than or equal to the lower strike price of $142.899, 110.5% of the initial price, and less than the upper strike price, the payout will be par.
If the final share price is greater than the protection strike price of $109.922, 85% of the initial price, and less than the lower strike price, the payout will be (a) 0.905 times (b) the quotient of the final price divided by the initial price times (c) the $129.32 face amount.
If the final share price is less than or equal to the protection strike price, the payout will be (a) 0.905 times (b) the protection strike price divided by the initial price times (c) the $129.32 face amount.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Equity-linked notes
|
| Underlying stock: | Laboratory Corp. of America Holdings (Symbol: LH)
|
| Amount: | $60,004,480
|
| Maturity: | March 31, 2016
|
| Coupon: | 8%, payable monthly
|
| Price: | Par of $129.32
|
| Payout at maturity: | If final price is greater than or equal to upper strike price, par plus 0.65 times difference of final price minus upper strike price; if final price is greater than or equal to lower strike price and less than upper strike price, par; if final price is greater than protection strike price and less than lower strike price, 0.905 times quotient of final price divided by initial price times par; if final price is less than or equal to protection strike price, 0.905 times quotient of protection strike price divided by initial price times par
|
| Initial price: | $129.32
|
| Protection strike price: | $109.922, 85% of initial price
|
| Lower strike price: | $142.899, 110.5% of initial price
|
| Upper strike price: | $146.778, 113.5% of initial price
|
| Pricing date: | March 24
|
| Settlement date: | March 31
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.1%
|
| Cusip: | 38146U561
|
|
|
© 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.
