By Kiku Steinfeld
Chicago, Feb. 1 – GS Finance Corp. priced $1.01 million of autocallable contingent coupon index-linked notes due Jan. 28, 2022 tied to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annualized rate of 5.25% if each index closes above its 50% coupon barrier on the related observation date.
The notes will be called at par if each index 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 index closes below its 50% trigger level during the life of the notes and any index finishes below its initial level, in which case investors will be exposed to the decline of the least-performing index from its initial level.
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 notes
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
|
Amount: | $1,012,000
|
Maturity: | Jan. 28, 2022
|
Coupon: | 5.25%, payable quarterly if each index closes above its coupon barrier on the related observation date
|
Price: | Par
|
Payout at maturity: | Par unless any index closes below trigger level during life of notes and any index finishes below initial level, in which case 1% loss for every 1% that least-performing index finishes below initial level
|
Call: | Automatically at par if each index closes at or above its initial level on any quarterly call observation date after six months
|
Initial index levels: | 3853.07 for S&P, 2141.421 for Russell and 13404.99 for Nasdaq
|
Coupon barrier levels: | 50% of initial levels
|
Trigger levels: | 50% of initial levels
|
Pricing date: | Jan. 21
|
Settlement date: | Jan. 26
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 0.48%
|
Cusip: | 40057F5C4
|
|
|
© 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.