By Sarah Lizee
Olympia, Wash., March 18 – GS Finance Corp. priced $1.79 million of 9.16% callable fixed-coupon notes due June 16, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Interest is payable monthly.
The notes will be callable at par plus any coupon on any coupon payment date after three months.
If the notes are not subject to an automatic call, the payout at maturity will be par unless either index finishes below its initial level and either index ever closes below 70% of its initial level, in which case investors will be exposed to the loss of the least performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable fixed-coupon notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $1.79 million
|
| Maturity: | June 16, 2021
|
| Coupon: | 9.16%, payable monthly
|
| Price: | Par
|
| Call option: | At par plus any coupon on any coupon payment date after three months
|
| Payout at maturity: | Par unless either index finishes below its initial level and either index ever closes below 70% of its initial level, in which case investors will be exposed to the loss of the least performing index from its initial level
|
| Initial levels: | 2,741.38 for S&P and 1,264.296 for Russell
|
| Trigger levels: | 70% of initial levels
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 40056YRY2
|
|
|
© 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.
