By Wendy Van Sickle
Columbus, Ohio, April 6 – GS Finance Corp. priced $474,000 of 0% underlier-linked notes due March 26, 2025 linked to the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an 11.7% annualized premium if each asset closes at or above its initial level on an annual call date.
If the return of each underlier is at or above its initial level, the payout at maturity will be par plus 46.8%.
If the return of each underlier is negative but greater than or equal to negative 30%, the payout will be par.
If either underlier falls by more than 30%, investors will be fully exposed to the decline of the lesser performer.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable underlier-linked notes
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Underlying assets: | Russell 2000 index, iShares MSCI Emerging Markets ETF
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Amount: | $474,000
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Maturity: | March 26, 2025
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Coupon: | 0%
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Price: | Par
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Call: | At par plus 11.7% annualized premium if each asset closes at or above initial level on an annual call date
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Payout at maturity: | If the return of each underlier is at or above initial level, par plus 46.8%; if the return of each underlier is negative but greater than or equal to negative 30%, par; if either underlier falls by more than 30%, investors will be fully exposed to the decline of the lesser performer
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Initial levels: | $54.08 for ETF, 2,287.545 for Russell
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Pricing date: | March 19
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Settlement date: | March 24
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Underwriter: | Goldman Sachs & Co. LLC
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Fees: | 2.3%
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Cusip: | 40057FNT7
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