By Wendy Van Sickle
Columbus, Ohio, March 17 – GS Finance Corp. priced $20.19 million of 0% step-down trigger autocallable notes due March 19, 2026 linked to the lesser performing of the MSCI EAFE 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.
After one year, the notes will be automatically called at par of $10 plus 7.75% per year if each index closes at or above its initial level on any quarterly call observation date.
If not called, the payout at maturity will be $13.875 per $10.00 of notes if both indexes finish above 70% of their initial levels.
Otherwise, investors will be exposed to the losses of the worst performer.
Goldman Sachs & Co. LLC is the underwriter, and UBS Financial Services Inc. is the selling agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Step-down trigger autocallable notes
|
Underlying indexes: | MSCI EAFE and Russell 2000 index
|
Amount: | $20,193,400
|
Maturity: | March 19, 2026
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If final level of each index is greater than or equal to downside threshold, $13.875 per $10.00 note; otherwise, exposure to decline of lesser-performing index from initial level
|
Call: | At par plus 7.75% per year if each index closes at or above initial level on any quarterly observation date after one year
|
Initial levels: | 1,348.2 for MSCI EAFE and 2,352.789 for Russell
|
Downside thresholds: | 943.74 for MSCI EAFE and 1,646.952 for Russell, or 70% of initial levels
|
Pricing date: | March 12
|
Settlement date: | March 17
|
Underwriter: | Goldman Sachs & Co. LLC
|
Selling agent: | UBS Financial Services Inc.
|
Fees: | 2.85%
|
Cusip: | 36259Y743
|
|
© 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.