By Kiku Steinfeld
Chicago, Nov. 7 – GS Finance Corp. priced $1 million of 0% autocallable index-linked notes due March 12, 2025 tied to the Nasdaq-100 index, 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 a 12.46% annualized call premium if the index closes at or above its initial level on either of the annual call observation dates.
If the notes are not called and the index gains, the payout at maturity will be par plus the greater of double the return and the threshold settlement amount of 12.46%.
Investors will receive par if the index declines but finishes above the 80% trigger buffer level.
Otherwise, investors will be fully exposed to the losses of the index.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable index-linked notes
|
Underlying index: | Nasdaq-100 index
|
Amount: | $1,000,000
|
Maturity: | March 12, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of double the return and the threshold settlement amount of 12.46%; par if index declines but not more than 20%; otherwise, full exposure to losses
|
Call: | At par plus a 12.46% annualized call premium if index closes at or above initial level on either annual call observation date
|
Initial level: | 13,742.20
|
Trigger buffer level: | 80% of initial level
|
Pricing date: | March 9
|
Settlement date: | March 16
|
Underwriter: | Goldman Sachs & Co. LLC
|
Fees: | 2.25%
|
Cusip: | 40057LGB1
|
|
© 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.