By Wendy Van Sickle
Columbus, Ohio, March 21 – GS Finance Corp. priced $4.41 million of 0% autocallable index-linked notes due March 27, 2023 tied to the Russell 2000 index and the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 10% annualized premium if both indexes close at or above their initial index levels on any quarterly call observation date after six months.
If the notes are not called, the payout at maturity will be par plus 50% if each index closes at or above its initial level.
If either index falls by up to 50%, the payout at maturity will be par.
If either index falls by more than 50%, investors will be exposed to any losses of the worse-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable index-linked notes
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Underlying indexes: | Russell 2000, FTSE 100
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Amount: | $4,405,000
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Maturity: | March 27, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus 50%; if either index falls by up to 50%, par; if either index falls by more than 50%, par plus return of worst-performing index, with full exposure to losses
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Call: | At par plus 10% annualized if both indexes close at or above their initial levels on any quarterly call observation date after six months
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Initial index levels: | 1,570.562 for Russell 2000 and 7,042.93 for FTSE 100
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Pricing date: | March 19
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Settlement date: | March 22
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Agent: | Goldman Sachs & Co.
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Fees: | 3.7%
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Cusip: | 40055ASX6
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