By Susanna Moon
Chicago, Nov. 16 – Goldman Sachs Group, Inc. priced $2 million of contingent coupon callable notes due Nov. 13, 2021 linked to the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 8.1% if each index closes at or above its barrier level, 60% of its initial level, on the observation date for that quarter.
The payout at maturity will be par unless either index finishes below its barrier level, in which case investors will be fully exposed to any losses of the worse performing index.
The notes are callable at par on any interest payment date after one year.
Goldman, Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon index-linked notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $2 million
|
| Maturity: | Nov. 13, 2021
|
| Coupon: | 8.1% annualized for each quarter that each index closes below barrier level on observation date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par unless either index finishes below barrier level, in which case full exposure to losses of worse performing index
|
| Call option: | At par on any interest payment date beginning Nov. 13, 2016
|
| Initial level: | 3,468.21 for Euro Stoxx and 1,199.747 for Russell
|
| Barrier levels: | 60% of initial levels
|
| Pricing date: | Nov. 9
|
| Settlement date: | Nov. 13
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 3.975%
|
| Cusip: | 38148THZ5
|
|
|
|
|
© 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.
