By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – GS Finance Corp. priced $15.98 million of 0% trigger autocallable notes due Oct. 29, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par of $10 plus a call return of 10.65% per year if the index closes at or above its initial level on any quarterly call observation date after one year.
The payout will be par plus 53.25% if the index finishes positive. The payout will be par if the index declines by up to 30%. Otherwise, investors will have full exposure to index decline from its initial level.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $15,978,670
|
| Maturity: | Oct. 29, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 53.25% if the index finishes positive; par if index declines by up to 30%; otherwise, full exposure to decline
|
| Call: | At par plus 10.65% per year if index closes at or above initial level on any quarterly call observation date after one year
|
| Initial level: | 31,839.11
|
| Downside threshold: | 22,287.38; 70% of initial level
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 36264U280
|
|
|
© 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.
