By Wendy Van Sickle
Columbus, Ohio, March 4 – GS Finance Corp. priced $478,000 of callable contingent coupon index-linked notes due Feb. 28, 2025 linked to the S&P 500 index and the Russell 2000 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 4.25% 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 on any coupon payment date after one year.
If the notes are not called, the payout will be par plus the final coupon if each index finishes at or above 70% of its initial level. Otherwise, investors will lose 1% for every 1% decline of the worse performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Callable contingent coupon index-linked notes
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Underlying indexes: | S&P 500, Russell 2000
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Amount: | $478,000
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Maturity: | Feb. 28, 2025
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Contingent coupon: | 4.55% per year, payable quarterly if each index closes at or above coupon trigger level on determination date for period
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Price: | Par
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Payout at maturity: | Par plus final coupon if each index finishes at or above its buffer level; otherwise, 1% loss for every 1% decline of the worse performing index
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Call option: | At par plus any contingent coupon due on any coupon payment date after a year
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Initial index levels: | 1,571.897 for Russell, 3,128.21 for S&P
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Coupon trigger/barrier levels: | 70% of initial levels
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Pricing date: | Feb. 25
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Settlement date: | Feb. 28
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.475%
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Cusip: | 40056YHD9
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