By Wendy Van Sickle
Columbus, Ohio, April 30 – GS Finance Corp. priced $3.24 million of 0% callable index-linked notes due April 30, 2029 tied to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be callable at par plus a 20.0004% annualized call premium on any monthly call date after one year.
If the notes are not called, the payout at maturity will be par plus 2.1 times the index return if the index finishes at or above its initial level. If the index falls by up to 40%, the payout will par par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Callable index-linked notes
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $3,242,000
|
| Maturity: | April 30, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 2.1 times the index return; if index falls by up to 40%, par plus absolute value of index return; otherwise, full exposure to the decline of the index from its initial level
|
| Call option: | At par plus a 20.0004% annualized call premium if index closes at or above initial level on any monthly call date after one year
|
| Initial level: | 442.73
|
| Pricing date: | April 24
|
| Settlement date: | April 29
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.375%
|
| Cusip: | 40058A6N9
|
|
|
|
|
© 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.
