Chicago, April 14 – GS Finance Corp. priced $1.1 million of autocallable contingent coupon index-linked notes due Oct. 11, 2022 linked to the least performing of the Dow Jones industrial average and the S&P 500 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 quarterly coupon of 8.5% per annum if each index closes at or above its 70% coupon trigger level on the related determination date.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date after one year.
The payout at maturity will be par plus the final coupon unless either index finishes below its 70% trigger buffer level, in which case investors will be fully exposed to the loss of the lesser-performing index.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable contingent coupon index-linked notes
|
Underlying indexes: | Dow Jones industrial average and S&P 500 index
|
Amount: | $1,100,000
|
Maturity: | Oct. 11, 2022
|
Coupon: | Contingent quarterly coupon of 8.5% per annum if each index closes at or above its coupon trigger level on the related determination date
|
Price: | Par
|
Payout at maturity: | Par plus the final coupon unless either index finishes below its trigger buffer level, in which case investors will be fully exposed to the loss of the lesser-performing index
|
Call: | At par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date
|
Initial index levels: | 20,943.51 for Dow, 2,470.50 for S&P
|
Coupon triggers: | 70% of initial levels
|
Trigger buffer levels: | 70% of initial levels
|
Pricing date: | April 1
|
Settlement date: | April 6
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 3.425%
|
Cusip: | 40056YXM1
|
|
© 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.