By Angela McDaniels
Tacoma, Wash., July 28 – Goldman Sachs Group, Inc. priced $11 million of 0% trigger autocallable optimization securities due July 24, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 40%. If the index return is negative but not below negative 41.5%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.
Goldman Sachs & Co. is the underwriter.
Issuer: | Goldman Sachs Group, Inc.
|
Issue: | Trigger autocallable optimization securities
|
Underlying index: | Euro Stoxx 50
|
Amount: | $11 million
|
Maturity: | July 24, 2020
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | If index return is zero or positive, par plus 40%; if index return is negative but not below negative 41.5%, par; otherwise, full exposure to losses
|
Call option: | At par plus 8% per year if index closes at or above initial level on any quarterly observation date
|
Initial index level: | 3,600
|
Pricing date: | July 24
|
Settlement date: | July 29
|
Underwriter: | Goldman Sachs & Co.
|
Fees: | 2.3%
|
Cusip: | 38148X142
|
© 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.