By Wendy Van Sickle
Columbus, Ohio, April 11 – GS Finance Corp. priced $17.4 million of 0% trigger autocallable notes due April 10, 2029 linked to the Euro Stoxx 50 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 automatically called at par of $10 plus a call return of 10.6% per year if the index closes at or above its initial level on any quarterly call observation date after one year.
If the index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus 53%.
Investors will receive par if the index declines by up to 25% and will have full exposure to index decline if it declines by more than 25%.
Goldman Sachs & Co. is the underwriter with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $17,398,290
|
| Maturity: | April 10, 2029
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes flat or positive, par plus 53%; par if index declines by no more than 25%; otherwise, full exposure to decline from initial level
|
| Call: | At par plus 10.6% per year if index closes at or above initial level on any quarterly call observation date after one year
|
| Initial level: | 5,014.75
|
| Downside threshold: | 75% of initial level
|
| Pricing date: | April 5
|
| Settlement date: | April 10
|
| Agents: | Goldman Sachs & Co. and UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 36267H765
|
|
|
© 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.
