By Sarah Lizee
Olympia, Wash., Oct. 7 – GS Finance Corp. priced $1.17 million of autocallable contingent coupon notes due April 6, 2027 linked to the Euro Stoxx 50 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.
The notes will pay a contingent monthly coupon if each index closes at or above its 80% coupon trigger level on the determination date for that period. The coupon will be at an annualized rate of 6.85%.
After one year, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any monthly determination date.
The payout at maturity will be par plus any coupon due unless either index finishes below 80% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying indexes: | Euro Stoxx 50, Russell 2000
|
| Amount: | $1,165,000
|
| Maturity: | April 6, 2027
|
| Contingent coupon: | Payable monthly if each index closes at or above 80% coupon trigger level on the determination date for that period; annual coupon rate is 6.85%
|
| Price: | Par
|
| Payout at maturity: | Par plus any coupon due unless either index finishes below 80% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
|
| Call: | After one year, automatically at par plus contingent coupon if each index closes at or above initial level on any monthly call observation date
|
| Initial index levels: | 3,532.18 for Stoxx and 1,533.326 for Russell
|
| Pricing date: | Sept. 26
|
| Settlement date: | Sept. 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.15%
|
| Cusip: | 40056XDZ6
|
© 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.
