By Sarah Lizee
Olympia, Wash., March 5 – GS Finance Corp. priced $8.63 million of callable contingent coupon ETF-linked notes due Feb. 28, 2030 linked to the Energy Select Sector SPDR fund, the Financial Select Sector SPDR fund and the Technology Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon at an annualized rate of 4.4% if each ETF closes at or above its 75% coupon trigger level on the determination date for that period.
The notes may be callable at par plus any contingent coupon due at the issuer’s option on any coupon payment date after six months.
If the notes are not called, the payout will be par plus any coupon due.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon ETF-linked notes
|
| Underlying ETFs: | Energy Select Sector SPDR fund, Financial Select Sector SPDR fund and Technology Select Sector SPDR fund
|
| Amount: | $8,625,000
|
| Maturity: | Feb. 28, 2030
|
| Contingent coupon: | 4.4% per year, payable monthly if each ETF closes at or above coupon trigger level on determination date
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon due
|
| Call: | At par plus any contingent coupon at issuer’s option on any coupon payment date after six months
|
| Initial ETF levels: | $49.36 for Energy Select, $28.76 for Financial Select, $92.28 for Technology Select
|
| Coupon trigger levels: | 75% of initial levels
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.7%
|
| Cusip: | 40056YHH0
|
|
|
© 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.
