By Tali Rackner
Minneapolis, May 21 – GS Finance Corp. priced $581,000 of 0% autocallable notes due April 27, 2022 tied to the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus a 12.5% annualized premium if each underlying asset closes at or above its initial level on any yearly call observation date.
If the notes are not called and each asset closes at or above its initial level, the payout at maturity will be par plus 50%.
If either asset falls by up to 30%, the payout at maturity will be par.
If either asset falls by more than 30%, investors will be exposed to any losses of the lesser-performing asset.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
|
| Amount: | $581,000
|
| Maturity: | April 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlying asset finishes at or above initial level, par plus 50%; if either asset falls by up to 30%, par; if either asset falls by more than 30%, par plus return of lesser-performing asset, with full exposure to losses
|
| Call: | At par plus 12.5% annualized call premium if each underlying asset closes at or above its initial level on any yearly call observation date
|
| Initial levels: | 3,494.20 for index and $71.05 for ETF
|
| Pricing date: | April 20
|
| Settlement date: | April 27
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 2.55%
|
| Cusip: | 40055AYE1
|
|
|
|
|
© 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.
