By Wendy Van Sickle
Columbus, Ohio, May 10 – GS Finance Corp. priced $539,000 of autocallable contingent coupon equity-linked notes due May 10, 2022 linked to the least performing of the common stocks of Intuitive Surgical, Inc., Facebook, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent monthly coupon at an annual rate of 17.75% if each stock closes at or above its 65% coupon barrier on the observation date for that month.
The notes will be called at par if each stock closes at or above its initial level on any quarterly call observation date after six months.
The payout at maturity will be par unless any stock finishes below its 60% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked notes
|
| Underlying assets: | Intuitive Surgical, Inc., Facebook, Inc. and Nvidia Corp.
|
| Amount: | $539,000
|
| Maturity: | May 10, 2022
|
| Coupon: | 17.75% annualized, payable monthly if each stock closes at or above 65% coupon barrier on observation date for that month
|
| Price: | Par
|
| Payout at maturity: | Par unless any stock finishes below 60% trigger, in which case 1% loss per 1% decline of worst performing stock
|
| Call: | At par if each stock closes at or above initial level on any quarterly call observation date after six months
|
| Initial levels: | $448.24 for Intuitive, $174.02 for Facebook and $232.99 for Nvidia
|
| Pricing date: | May 3
|
| Settlement date: | May 10
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.55%
|
| Cusip: | 40055Q2Q4
|
|
|
© 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.
