E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/26/2013 in the Prospect News Structured Products Daily.

New Issue: Goldman prices $7.67 million callable monthly range accrual notes on Euro Stoxx

By Jennifer Chiou

New York, June 26 - Goldman Sachs Group, Inc. priced $7,669,000 of callable monthly Euro Stoxx 50 index-linked range accrual notes due June 27, 2028, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be the applicable interest rate multiplied by the proportion of days on which the index closes at or above 75% of the initial index level. The rate will be 8.3% for the first 60 months, 10.3% for the next 60 months and 12.3% for the final 60 months. Interest is payable monthly.

The payout at maturity will be par.

The notes will be callable at par on any interest payment date beginning on June 27, 2014.

Goldman Sachs & Co. is the underwriter.

Issuer:Goldman Sachs Group, Inc.
Issue:Callable monthly range accrual notes
Underlying index:Euro Stoxx 50
Amount:$7,669,000
Maturity:June 27, 2028
Coupon:Applicable interest rate multiplied by the proportion of days on which the index closes at or above barrier level; rate is 8.3% for the first 60 months, 10.3% for the next 60 months and 12.3% for the final 60 months; payable monthly
Price:Par
Payout at maturity:Par
Call:Automatically at par on any interest payment date beginning on June 27, 2014
Initial index level:2,511.83
Barrier level:1,883.8725, 75% of initial level
Pricing date:June 24
Settlement date:June 27
Underwriter:Goldman Sachs & Co.
Fees:4.85%
Cusip:38147QAJ5

© 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.