By Sarah Lizee
Olympia, Wash., Nov. 1 – GS Finance Corp. priced $789,000 of callable contingent coupon notes due Oct. 31, 2028 linked to the least performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes pay a contingent quarterly coupon at an annualized rate of 8.5% if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that period.
The notes will be callable in whole at par on any coupon payment date after one year.
If each index finishes at or above its barrier level, 60% of its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the least-performing index.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon notes
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Underlying indexes: | Russell 2000, Nasdaq-100
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Amount: | $789,000
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Maturity: | Oct. 31, 2028
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Contingent coupon: | 8.5% per year, payable quarterly if each index closes at or above coupon barrier level on the observation date for that period
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Price: | Par
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Payout at maturity: | If each index finishes at or above barrier level, par; otherwise, full exposure to losses of least-performing index
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Call option: | At par on any coupon payment date after one year
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Initial levels: | 1,477.306 for Russell, 6,713.902 for Nasdaq
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Pricing date: | Oct. 29
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Settlement date: | Oct. 31
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Agent: | Goldman Sachs & Co.
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Fees: | 4.55%
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Cusip: | 40056E2P2
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