By Sarah Lizee
Olympia, Wash., July 5 – GS Finance Corp. priced $1 million of callable contingent coupon notes due Jan. 4, 2027 linked to the iShares MSCI Emerging Markets ETF 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 will pay a contingent monthly coupon at an annual rate of 10.35% if each asset closes at or above its 80% coupon trigger level on the determination date for that month.
The notes will be callable at par plus any contingent coupon on any coupon payment date beginning in July 2020.
The payout at maturity will be par plus any coupon, unless either asset finishes below 80% of its initial level, in which case investors will be fully exposed to any decline of the least performing asset beyond 20%.
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 assets: | iShares MSCI Emerging Markets ETF, Nasdaq-100 index
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Amount: | $1,003,000
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Maturity: | Jan. 4, 2027
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Contingent coupon: | 10.35%, payable monthly if each asset closes at or above 80% coupon trigger level on the determination date
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Price: | Par
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Payout at maturity: | Par plus any coupon, unless either asset declines by more than 20%, in which case full exposure to decline of least performing asset beyond 20%
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Call: | Callable at par plus contingent coupon on any payment date after one year
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Initial asset levels: | $42.91 for ETF, 7,671.075 for index
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Pricing date: | June 28
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Settlement date: | July 3
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Agent: | Goldman Sachs & Co.
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Fees: | 0.95%
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Cusip: | 40056FNV3
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