Published on 2/27/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman prices $2.8 million callable monthly range accrual notes tied to Russell 2000
By Jennifer Chiou
New York, Feb. 27 – Goldman Sachs Group, Inc. priced $2,795,000 of callable monthly Russell 2000 index-linked range accrual notes due Feb. 27, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 4.25% for each day that the index closes at or above the 75% coupon barrier level. Interest is payable monthly.
The notes will be callable at par on any interest payment date beginning on Feb. 27, 2016.
The payout at maturity will be par.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Callable monthly range accrual notes
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Underlying index: | Russell 2000
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Amount: | $2,795,000
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Maturity: | Feb. 27, 2025
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Coupon: | 4.25% for each day that index closes at or above 75% coupon barrier level; payable monthly
|
Price: | Par
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Payout at maturity: | Par
|
Call option: | At par on any interest payment date beginning on Feb. 27, 2016
|
Initial level: | 1,235.101
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Coupon barrier level: | 926.32575, 75% of initial level
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Pricing date: | Feb. 25
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Settlement date: | Feb. 27
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Underwriter: | Goldman Sachs & Co.
|
Fees: | 3.7%
|
Cusip: | 38147QTM8
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