By Wendy Van Sickle
Columbus, Ohio, April 3 – GS Finance Corp. priced $7.53 million of callable contingent coupon underlier-linked notes due April 1, 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.
Each month, the notes pay a contingent coupon at an annualized rate of 8.5% if each underlier closes at or above 75% of its initial level on the observation date for that period.
The notes are callable at par plus any coupon on any coupon payment date after six months.
If the notes are not redeemed early, the payout at maturity will be par.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon underlier-linked notes
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Underlying underliers: | Energy Select Sector SPDR fund, Technology Select Sector SPDR fund and Financial Select Sector SPDR fund
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Amount: | $7,533,000
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Maturity: | April 1, 2030
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Coupon: | 8.5% annualized, payable each month that each underlier closes at or above trigger level on observation date
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Price: | Par
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Payout at maturity: | Par
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Call option: | At par plus any coupon on any coupon payment date after six months
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Initial ETF levels: | $30.39 for energy fund, $21.67 for technology fund, and $21.67 for financial fund
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Coupon trigger levels: | 75% of initial levels
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Pricing date: | March 26
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Settlement date: | March 31
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 3.7%
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Cusip: | 40056YPF5
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