By Taylor Fox
New York, Sept. 25 – GS Finance Corp. priced $6.54 million of autocallable contingent coupon notes due March 17, 2022 linked to the S&P 500 index, the Nasdaq-100 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 14.5% per year if each index closes at or above its 60% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date.
The payout at maturity will be par unless any index closes below 60% of its initial level any day during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable contingent coupon notes
|
Underlying indexes: | S&P 500, Nasdaq-100 and Russell 2000
|
Amount: | $6,543,000
|
Maturity: | March 17, 2022
|
Contingent coupon: | 14.5% annualized, payable quarterly if each index closes at or above 60% coupon trigger level on the determination date for that quarter
|
Price: | Par
|
Payout at maturity: | Par unless any index closes below 60% of its initial level any day during the life of the notes and any index finishes below its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
|
Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly observation date
|
Initial index levels: | 3,339.19 for S&P, 11,154.12 for Nasdaq and 1,507.751 for Russell
|
Trigger levels: | 60% of initial levels
|
Pricing date: | Sept. 10
|
Settlement date: | Sept. 15
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.67%
|
Cusip: | 40057CV32
|
|
© 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.