By Devika Patel
Knoxville, Tenn., June 30 – GS Finance Corp. priced $1 million of autocallable contingent coupon notes due June 30, 2022 linked to the Euro Stoxx 50 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 of 7% if each index closes at or above its 70% coupon barrier level on the determination date for that quarter.
Beginning in December 2017 and ending in March 2022, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly review date.
The payout at maturity will be par plus the final coupon, if any, unless either index falls more than 35% in which case investors will lose 1% for each 1% decline of the worse performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Euro Stoxx 50 and Russell 2000
|
| Amount: | $1 million
|
| Maturity: | June 30, 2022
|
| Contingent coupon: | 7% per year, payable on a quarter if each component closes at or above coupon barrier level on the determination date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par plus the final coupon, if any, unless either index falls more than 35%, in which case investors will lose 1% for each 1% decline of the worse performing index
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly determination date from December 2017 onward
|
| Initial index levels: | 3,538.32 for Stoxx and 1,403.522 for Russell 2000
|
| Coupon barrier levels: | 2,476.824 for Stoxx and 982.4654 for Russell 2000; 70% of initial levels
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 3.35%
|
| Cusip: | 40054LG65
|
|
|
© 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.
