By Kiku Steinfeld
Chicago, July 6 – GS Finance Corp. priced $11.18 million of 0% autocallable index-linked notes due July 12, 2027 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 5% if the index closes at or above the applicable call level on any annual call date.
The call level will be 102.75% of the initial level for the first call observation date, stepping up by 275 basis points on each subsequent call review date.
The payout at maturity will be par plus any index gain.
If the index falls or remains flat, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5S ER index
|
| Amount: | $11,179,000
|
| Maturity: | July 12, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index is flat or falls
|
| Call: | At par plus an annual call premium of 5% if index closes at or above its call level on any annual review date
|
| Initial level: | 106.47
|
| Call level: | 102.75% of the initial level for the first call observation date, stepping up by 275 bps on each subsequent call review date
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.43%
|
| Cusip: | 40057C7A3
|
|
|
© 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.
