By Wendy Van Sickle
Columbus, Ohio, April 25 – GS Finance Corp. priced $15.14 million of autocallable contingent coupon index-linked notes due April 24, 2029 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.
Each month, the notes will pay a contingent coupon at the rate of 10.65% per year if each underlying asset closes at or above its coupon trigger level, 70% of its initial level, on the observation date for that period.
The notes will be automatically called at par if each underlying asset closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par plus the contingent coupon, if any, unless the least performing asset finishes below its barrier level, 65% of its initial level, in which case investors will have full exposure to the decline of the laggard 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 index-linked notes
|
| Underlying assets: | S&P 500 index, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $15,137,000
|
| Maturity: | April 24, 2029
|
| Coupon: | 10.65% per year, payable each month that each underlying asset closes at or above coupon trigger level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon unless least performing asset finishes below barrier level, in which case full exposure to decline of laggard index
|
| Call: | Automatically at par if each underlying asset closes at or above initial level on any quarterly call observation date
|
| Initial levels: | 4,967.23 for S&P, 17,037.65 for Nasdaq and 1,947.656 for Russell
|
| Coupon trigger levels: | 70% of initial levels
|
| Final barrier levels: | 65% of initial levels
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.85%
|
| Cusip: | 40058A6D1
|
|
|
© 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.
