By Kiku Steinfeld
Chicago, May 18 – GS Finance Corp. priced $2.47 million of 0% autocallable index-linked notes due May 4, 2026 tied to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 6% annualized premium if both indexes close at or above their initial index levels on any annual call observation date.
At maturity, if the return of both indexes is positive, the payout will be par plus two times the return of the lesser-performing index.
If either index finishes flat or falls by up to 15%, the payout will be par.
Otherwise, investors will be exposed to the losses of the lesser performing index beyond the 15% buffer.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000, Nasdaq-100
|
| Amount: | $2,465,000
|
| Maturity: | May 4, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the return of both indexes is positive, par plus two times the return of the lesser-performing index; if either index finishes flat or falls by up to 15%, par; otherwise, exposure to the losses of the lesser-performing index beyond the buffer
|
| Call: | At par plus a 6% annualized premium if both indexes close at or above their initial index levels on any annual call observation date
|
| Initial levels: | 2,301.267 for Russell, 13,960.28 for Nasdaq
|
| Pricing date: | April 27
|
| Settlement date: | April 30
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.76%
|
| Cusip: | 40057FVB7
|
© 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.
