Chicago, March 18 – GS Finance Corp. priced $2.07 million of autocallable contingent coupon equity-linked notes due June 5, 2025 linked to the stocks of Apple Inc., Nvidia Corp. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon at an annual rate of 15.63% if each stock closes above its coupon barrier price, 60% of its initial price, on the corresponding observation date.
The notes will be automatically called at par plus the coupon if each stock closes at or above its initial share price on any quarterly call observation date.
At maturity, if all three stocks close above 60% of their initial levels, the payout will be par.
Otherwise, investors will lose 1% loss for each 1% decline from the initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked securities
|
| Underlying stocks: | Apple Inc., Nvidia Corp. and Tesla, Inc.
|
| Amount: | $2,072,000
|
| Maturity: | June 5, 2025
|
| Coupon: | 15.63% annual rate; payable monthly if closing price of each stock is greater than or equal to coupon barrier on the corresponding observation date
|
| Price: | Par
|
| Payout at maturity: | Par if all three stocks close above trigger buffer levels; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | At par plus coupon if closing share price of least performing stock is greater than or equal to its initial share price on any quarterly observation date
|
| Initial levels: | $179.66 for Apple, $822.79 for Nvidia, $202.64 for Tesla
|
| Coupon barrier levels: | 60% of initial levels
|
| Trigger buffer levels: | 60% of initial levels
|
| Pricing date: | March 1
|
| Settlement date: | March 6
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 40057YFQ1
|
|
|
© 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.
