By Wendy Van Sickle
Columbus, Ohio, May 24 – GS Finance Corp. priced $1.37 million of autocallable contingent coupon notes due Dec. 1, 2025 linked to the lesser performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 6.8% if each index closes at or above its 80% coupon barrier on the observation date for that month.
The notes will be called at par if each index closes at or above its initial level on any observation date after one year.
The payout at maturity will be par unless either index closes below its 80% buffer level, in which case investors will be exposed to any losses of the worse performing index beyond 20%.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon notes
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Underlying indexes: | Russell 2000 and Euro Stoxx 50
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Amount: | $1.37 million
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Maturity: | Dec. 1, 2025
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Coupon: | 6.8% annualized, payable monthly if each index closes at or above 80% coupon barrier on review date for that month
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Price: | Par
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Payout at maturity: | If each index finishes at or above 80% buffer level, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 20%
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Call: | At par if each index closes at or above its initial level on any observation date after one year
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Initial levels: | 1,637.442 for Russell and 3,572.57 for Stoxx
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Coupon barriers: | 1,309.9536 for Russell and 2,858.056for Stoxx, 80% of initial levels
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Pricing date: | May 21
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Settlement date: | May 24
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 5.15%
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Cusip: | 40055Q7M8
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