By Sarah Lizee
Olympia, Wash., Feb. 26 – GS Finance Corp. priced $3.46 million of 0% autocallable buffered index-linked notes due Feb. 24, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus an annualized call premium of 10% if the index closes at or above the initial index level on any quarterly call date after one year.
If the notes are not called and the index return is at least equal to the initial level, the payout at maturity will be par plus 50%. Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% loss beyond 25%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,455,000
|
| Maturity: | Feb. 24, 2025
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index return is at least equal to initial level, par plus 50%; if index falls by up to 25%, par; 1% loss for each 1% decline beyond 25%
|
| Call: | Par plus annualized call premium of 10% if the index closes at or above initial index level on any quarterly observation date after one year
|
| Initial level: | 3,865.18
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Feb. 19
|
| Settlement date: | Feb. 24
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.35%
|
| Cusip: | 40056YK29
|
|
|
© 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.
