By Wendy Van Sickle
Columbus, Ohio, Oct. 8 – GS Finance Corp. priced $462,000 of callable contingent coupon notes due Sept. 28, 2023 linked to the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 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 annual rate of 6.3% if each index closes at or above 60% of its initial level on the observation date.
The notes are callable at par on any coupon payment date beginning in March 2019.
The payout at maturity will be par plus the final coupon unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index.
Goldman Sachs & Co. is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Callable contingent coupon notes
|
Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index and S&P 500 index
|
Amount: | $462,000
|
Maturity: | Sept. 28, 2023
|
Coupon: | 6.3%, payable each quarter that each index closes at or above 60% of its initial level on determination date
|
Price: | Par
|
Payout at maturity: | Par plus final coupon unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index
|
Call option: | At par on any coupon payment date beginning in March 2019
|
Initial levels: | 1,691.608 for Russell, 3,433.15 for Stoxx and 2,905.97 for S&P
|
Pricing date: | Sept. 26
|
Settlement date: | Sept. 28
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 3.85%
|
Cusip: | 40055QWZ1
|
|
|
© 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.