By William Gullotti
Buffalo, N.Y., Oct. 10 – GS Finance Corp. priced $2.21 million of 0% market-linked notes – autocallable with contingent downside due Oct. 5, 2026 linked to the stock performance of Dollar General Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 14.25% if the stock closes at or above its initial level on any semiannual valuation date after one year.
If the notes are not called at maturity and the stock finishes at or above its 65% threshold level, investors will receive par.
Otherwise, investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked notes – autocallable with contingent downside
|
| Underlying stock: | Dollar General Corp.
|
| Amount: | $2,208,000
|
| Maturity: | Oct. 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called and the stock finishes at or above threshold level, par; otherwise, full exposure to loss
|
| Call: | Automatically at par plus 14.25% annualized call premium if the stock closes at or above its initial level on any semiannual valuation date after one year
|
| Initial level: | $105.80
|
| Threshold level: | 65% of initial level
|
| Pricing date: | Sept. 29
|
| Settlement date: | Oct. 4
|
| Agents: | Wells Fargo Securities, LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.825%
|
| Cusip: | 40057WBR7
|
|
|
© 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.
