Chicago, Aug. 11 – GS Finance Corp. priced $625,000 of 0% autocallable index-linked notes due Aug. 2, 2028 tied to the S&P 500 index and the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on any annual call observation date, the notes will be called at par plus an 8% annual call premium.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 40%.
If the worst performer finishes above 70% of its initial level, the payout will be par.
If any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 Value index
|
| Amount: | $625,000
|
| Maturity: | Aug. 2, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 40%; if worst performer finishes above 70% of initial level, par; if any index falls by more than 30%, investors will be exposed to the decline of the worst performing index from its initial level
|
| Call: | If each index closes at or above initial level on any annual observation date, notes will be called at par plus an 8% annual call premium
|
| Initial index levels: | 4,566.75 for S&P, 2,247.301 for Russell Value
|
| Trigger buffer levels: | 70% of initial levels
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.375%
|
| Cusip: | 40057TG65
|
|
|
© 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.
