By Wendy Van Sickle
Columbus, Ohio, April 4 – GS Finance Corp. priced $127,000 of autocallable contingent coupon notes due April 3, 2028 linked to the least performing of the Euro Stoxx 50 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 annual rate of 7.5% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any review date after one year.
The payout at maturity will be par unless any index finishes below its initial level or any index has ever closed below 50% of its initial level, in which case investors will be exposed to any losses of the worst performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying assets: | Euro Stoxx 50, Russell 2000 and S&P 500
|
| Amount: | $127,000
|
| Maturity: | April 3, 2028
|
| Coupon: | 7.5% annualized, payable quarterly if each index closes at or above 70% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Payout at maturity: | Par if each index finishes above initial level or has never closed below 50% of its initial level; otherwise 1% loss for each 1% decline of worst performing index
|
| Call: | At par if each index closes at or above its initial level on any review date after one year
|
| Initial levels: | 3,316.95 for Stoxx, 2,612.62 for S&P and 1,513.566 for Russell
|
| Coupon barriers: | 70% of initial levels
|
| Pricing date: | March 27
|
| Settlement date: | March 29
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 5.45%
|
| Cusip: | 40055AS57
|
|
|
© 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.
