By Wendy Van Sickle
Columbus, Ohio, July 26 – GS Finance Corp. priced $1.08 million 6.25% autocallable fixed-coupon notes due July 25, 2019 linked to the lesser performing of the S&P 500 index and the Russell 2000 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.
The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on April 22, 2019.
If the notes are not subject to an automatic call, the payout at maturity will be par unless either index has closed below the 70% trigger level during the life of the notes and either index finishes below its initial level. In that case, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable fixed-coupon notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $1,077,000
|
| Maturity: | July 25, 2019
|
| Coupon: | 6.25%, payable monthly
|
| Price: | Par
|
| Call: | At par plus the coupon if each index closes at or above its initial level on April 22, 2019
|
| Payout at maturity: | Par unless either index has closed below the 70% trigger level during life of notes and either index finishes below initial level, in which case 1% loss for each 1% decline of the lesser-performing index from initial level
|
| Initial levels: | 2,815.62 for S&P and 1,691.869 for Russell
|
| Pricing date: | July 18
|
| Settlement date: | July 23
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.6%
|
| Cusip: | 40055QM74
|
|
|
© 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.
