By Susanna Moon
Chicago, Jan. 7 – GS Finance Corp. priced $35,000 of autocallable contingent coupon notes due June 29, 2020 linked to the least performing of the Russell 2000 index and the Euro Stoxx 50 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 10% if each index closes at or above its 65% 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 six months.
The payout at maturity will be par unless either underlying index ever closes below its 70% trigger level on any day during the life of the notes, in which case investors will be fully exposed to any losses of the worse 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 indexes: | Russell 2000 index and Euro Stoxx 50 index
|
| Amount: | $35,000
|
| Maturity: | June 29, 2020
|
| Coupon: | 10%, payable quarterly at annualized rate if each index closes at or above 65% coupon barrier on review date for that quarter
|
| Price: | Par
|
| Call: | At par if each index closes at or above its initial level on any review date from June 2019 through March 2020
|
| Payout at maturity: | If each index never closes below 70% trigger level, par; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 1,292.086 for Russell and 3,000.61 for Stoxx
|
| Trigger levels: | 70% of initial levels
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.525%
|
| Cusip: | 40056EKT4
|
|
|
|
|
© 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.
