By Wendy Van Sickle
Columbus, Ohio, March 21 – GS Finance Corp. priced $4.68 million of 0% autocallable index-linked notes due March 23, 2023 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 8% annualized premium if both indexes close at or above their initial index levels on any quarterly call observation date after six months.
If the notes are not called, the payout at maturity will be par plus 40% if each index closes at or above its initial level.
If either index falls by up to 40%, the payout at maturity will be par.
If either index falls by more than 40%, investors will be exposed to any losses of the worse-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, S&P 500
|
| Amount: | $4,675,000
|
| Maturity: | March 23, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 40%; if either index falls by up to 40%, par; if either index falls by more than 40%, par plus return of worst-performing index, with full exposure to losses
|
| Call: | At par plus 8% annualized if both indexes close at or above their initial levels on any quarterly call observation date after six months
|
| Initial index levels: | 1,586.048 for Russell 2000 and 2,752.01 for S&P 500
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.725%
|
| Cusip: | 40055ASG3
|
|
|
|
|
© 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.
