By Susanna Moon
Chicago, Feb. 7 – GS Finance Corp. priced $6.08 million of callable contingent coupon notes due Jan. 31, 2023 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 5.4% if each index closes at or above its 60% coupon barrier on the review date for that month.
The notes are callable at par on any call observation date after one year.
The payout at maturity will be par unless either index finishes below its 60% trigger level, in which case investors will be exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Callable contingent coupon notes
|
Underlying assets: | Russell 2000 index, S&P 500 index
|
Amount: | $6,081,000
|
Maturity: | Jan. 31, 2023
|
Coupon: | 5.4% annualized, payable monthly if each index closes at or above 60% coupon barrier on review date for that month
|
Price: | Par
|
Call option: | At par on any interest payment date beginning January 2019
|
Payout at maturity: | Par unless either index falls by more than 40%, in which case 1% loss per 1% decline of worse performing index
|
Initial index levels: | 1,608.058 for Russell, 2,872.87 for S&P
|
Barrier levels: | 60% of initial levels
|
Pricing date: | Jan. 26
|
Settlement date: | Jan. 31
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 3.6%
|
Cusip: | 40055AEG8
|
|
|
© 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.