By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – GS Finance Corp. priced $1.61 million of autocallable contingent coupon index-linked notes due June 5, 2023 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 monthly coupon at an annualized rate of 7.35% if each index closes at or above its 70% coupon barrier on the related observation date.
The notes will be called at par plus a contingent coupon if each index closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par if all the indexes finish at or above the initial level or no index has ever closed below the 70% trigger buffer level during the life of the notes.
Otherwise, investors will be fully exposed to the losses of the worst-performing index.
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: | $1,605,000
|
| Maturity: | June 5, 2023
|
| Coupon: | 7.35%, payable monthly if each index closes at or above its coupon barrier on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus the contingent coupon if all indexes finish at or above initial levels or no index has closed below trigger buffer level during life of notes; otherwise, full exposure to the losses of the worst-performing index
|
| Call: | Automatically at par plus contingent coupon if each index closes at or above its initial level on any quarterly call observation date
|
| Initial index levels: | 15,278.52 for Nasdaq, 2,213.979 for Russell, 4,470.0 for S&P
|
| Coupon trigger/trigger buffer levels: | 70% of initial levels
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 2.125%
|
| Cusip: | 40057JCW4
|
|
|
|
|
© 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.
