New York, April 11 – GS Finance Corp. priced $13.86 million of contingent income autocallable securities due April 8, 2027 linked to the common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.25%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date, plus any previously unpaid coupon.
The securities will be called automatically starting July 5 if the price of the underlying stock is greater than or equal to its initial price.
At maturity the payout will be par unless the stock closes below its 60% downside threshold level in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Contingent income autocallable securities
|
Underlying stock: | Meta Platforms, Inc.
|
Amount: | $13.86 million
|
Maturity: | April 8, 2027
|
Coupon: | 11.25%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date, plus any previously unpaid coupon
|
Price: | Par
|
Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
|
Call: | Automatically starting July 5 if the price of the underlying stock is greater than or equal to its initial price
|
Initial level: | $527.34
|
Downside threshold: | $316.404, 60% of initial level
|
Pricing date: | April 5
|
Settlement date: | April 10
|
Underwriter: | Goldman Sachs & Co. LLC
|
Selected dealer: | Morgan Stanley Wealth Management
|
Fees: | 2.25%
|
Cusip: | 40057YWR0
|
|
|
© 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.