By Marisa Wong
Madison, Wis., June 17 – Goldman Sachs Group, Inc. priced $2.02 million of 0% autocallable buffered index-linked notes due June 20, 2018 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $1,000 plus a premium if the index closes at or above the initial index level on either call date.
The call payment is 108.0167% of par for the first call date and 114.80% of par for the second call date. The call observation dates are July 15, 2016 and June 15, 2017.
If the notes are not called and the index return is zero or positive, the payout at maturity will be the maximum payment amount of $1,222 per note. Investors will receive par if the index declines by 15% or less and will lose 1.1765% for every 1% that it declines beyond 15%.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2.02 million
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| Maturity: | June 20, 2018
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If index return is zero or positive, $1,222 per note; par if index declines by 15% or less; 1.1765% loss for every 1% drop beyond 15%
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| Call: | Automatically at par plus premium if index closes at or above initial index level on either of two call observation dates; premium is 8.0167% if called on July 15, 2016 and 14.8% if called on June 15, 2017
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| Initial level: | 3,438.07
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| Pricing date: | June 15
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| Settlement date: | June 22
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| Agent: | Goldman, Sachs & Co.
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| Fees: | 2.425%
|
| Cusip: | 38148T5B1
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