By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – GS Finance Corp. priced $691,000 of callable contingent coupon index-linked notes due Dec. 29, 2025 linked to the least performing of the S&P 500 Value index and 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 quarterly coupon at an annualized rate of 5.25% if each index closes at or above its 70% coupon trigger level on the determination date for that period.
The notes may be called at par plus any contingent coupon due at the issuer’s option on any quarterly call observation date after one year.
If each index finishes above its trigger level, 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least-performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Callable contingent coupon index-linked notes
|
Underlying indexes: | S&P 500 Value index and Nasdaq-100 index
|
Amount: | $691,000
|
Maturity: | Dec. 29, 2025
|
Contingent coupon: | 5.25% per year, payable quarterly if each index closes at or above coupon trigger level on determination date for that period
|
Price: | Par
|
Payout at maturity: | If each index finishes above trigger level, par; otherwise, full exposure to decline of the least performing index
|
Call: | At par plus any contingent coupon at issuer’s option on any quarterly call observation date after one year
|
Initial index levels: | 12,653.14 for Nasdaq, 1,245.08 for S&P 500 Value
|
Coupon trigger levels: | 70% of initial levels
|
Trigger levels: | 70% of initial levels
|
Pricing date: | Dec. 23
|
Settlement date: | Dec. 29
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.5%
|
Cusip: | 40057ESC2
|
|
© 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.