E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/30/2018 in the Prospect News Structured Products Daily.

New Issue: GS Finance prices $102,000 9% fixed-coupon autocallables on indexes

By Tali Rackner

Minneapolis, April 30 – GS Finance Corp. priced $102,000 of 9% autocallable fixed-coupon notes due July 22, 2019 linked to the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

Interest is payable monthly.

If each index closes above its initial level on any call observation date, the notes will be automatically called at par plus the coupon.

The payout at maturity will be par unless any falls or any index has closed below its 70% trigger level on any day during the life of the notes, in which case investors will be exposed to the performance of the least-performing index and will receive no more than par.

Goldman Sachs & Co. is the underwriter.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Autocallable fixed-coupon notes
Underlying indexes:S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
Amount:$102,000
Maturity:July 22, 2019
Contingent payment:9%, payable monthly
Price:Par
Call:Automatically at par if each index finishes above its initial level on any call observation date
Payout at maturity:Par unless any index falls or any index has closed below 70% trigger level on any day during the life of the notes, in which case full exposure to losses of least-performing index
Initial levels:2,663.99 for S&P, 1,557.326 for Russell, 3,443.97 for Stoxx
Trigger buffer:30%
Pricing date:April 12
Settlement date:April 17
Agent:Goldman Sachs & Co. LLC
Fees:0.95%
Cusip:40055ATP2

© 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.