By Marisa Wong
Madison, Wis., July 11 – Goldman Sachs Group, Inc. priced $7.5 million of callable contingent coupon notes due July 14, 2016 linked to the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 5.25% if each index closes at or above its 65% trigger level on any quarterly observation date.
The notes are callable at par plus the contingent coupon on any quarterly call date beginning July 14, 2015.
If the notes have not been called, the payout at maturity will be par plus the contingent coupon unless either index finishes below the 65% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon notes
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Underlying indexes: | Russell 2000 and Euro Stoxx 50
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Amount: | $7.5 million
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Maturity: | July 14, 2016
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Contingent coupon: | 5.25% annualized, payable quarterly if each index closes at or above trigger level on any quarterly observation date
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Price: | Par
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Payout at maturity: | Par plus contingent coupon unless either index finishes below the trigger level, in which case full exposed to any losses of worse performing index
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Call option: | At par plus contingent coupon on any quarterly call date
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Initial index levels: | 1,173.809 for Russell and 3,203.10 for Euro Stoxx
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Trigger levels: | 65% of initial level
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Pricing date: | July 9
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Settlement date: | July 14
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Underwriter: | Goldman Sachs & Co.
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Fees: | 1.175%
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Cusip: | 38147QCV6
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