By William Gullotti
Buffalo, N.Y., June 7 – GS Finance Corp. priced $5.23 million of 7.65% buffered callable fixed coupon notes due June 6, 2024 linked to the least 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 are callable at par plus the coupon on any contingent coupon payment date after six months.
The payout at maturity will be par plus the final coupon unless either index finishes below the 90% buffer level, in which case investors will lose 1% for each 1% decline of the worst performer beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Buffered callable fixed coupon notes
|
Underlying indexes: | Russell 2000 index, S&P 500 index
|
Amount: | $5,226,000
|
Maturity: | June 6, 2024
|
Coupon: | 7.65%; payable monthly
|
Price: | Par
|
Payout at maturity: | Par plus the coupon unless either index falls by more than 10%, in which case exposure to losses of worst performer beyond 10%
|
Call option: | At par plus the coupon on any interest payment date after six months
|
Initial levels: | 4,101.23 for S&P, 1,854.824 for Russell
|
Buffer levels: | 90% of initial levels
|
Pricing date: | June 1
|
Settlement date: | June 6
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 1.2%
|
Cusip: | 40057M4L0
|
|
© 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.