Chicago, March 8 – GS Finance Corp. priced $564,000 of 0% callable contingent coupon underlier-linked notes due Oct. 27, 2025 linked to the lesser performing of the Nasdaq-100 Technology Sector index, the S&P 500 Value index and the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be a quarterly contingent coupon at an annual rate of 5% if each underlier finishes above its 70% coupon trigger level on the related observation date.
The company can redeem the notes at its option at par plus any coupon due on any quarterly coupon payment date starting after one year.
If the return of each underlier greater than or equal to negative 40%, the payout will be par.
If any underlier falls by more than 40%, investors will be fully exposed to the decline of the least performer.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable contingent coupon underlier-linked notes
|
| Underlying assets: | Nasdaq-100 Technology Sector index, the S&P 500 Value index and the SPDR Gold Trust
|
| Amount: | $564,000
|
| Maturity: | Oct. 27, 2025
|
| Coupon: | 5% annual rate, payable quarter if all underliers finish above coupon trigger levels on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par if all underliers finish above trigger buffer levels; otherwise, full exposure to losses of worst performer
|
| Call option: | At par plus any coupon due on any quarterly coupon payment date starting after one year
|
| Initial levels: | 7,945.000 for Nasdaq, 1,288.03 for S&P, $173.90 for Gold
|
| Coupon trigger levels: | 70% of initial levels
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4.3%
|
| Cusip: | 40057F5F7
|
© 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.
