By Susanna Moon
Chicago, Sept. 29 – GS Finance Corp. priced $1.28 million of autocallable contingent coupon notes due April 1, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 5.1% if each index closes at or above its 80% coupon barrier on the review date for that month.
The notes will be called at par if each index closes at or above its initial level on any interest payment date after one year.
The payout at maturity will be par unless either index finishes below its 80% trigger level, in which case investors will be fully exposed to any losses of the worse performing index.
Goldman Sachs Group, Inc. is the guarantor.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autoallable contingent coupon notes
|
| Underlying assets: | Russell 2000 index, S&P 500 index
|
| Amount: | $1.28 million
|
| Maturity: | April 1, 2025
|
| Coupon: | 5.1% annualized payable monthly if each index closes at or above 80% coupon barrier on review date that month
|
| Price: | Par
|
| Call: | At par if each index closes at or above its initial level on any interest payment date from September 2018 through December 2024
|
| Payout at maturity: | Par unless either index finishes below 80% trigger, in which case 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 1,451.958 for Russell, 2,496.66 for S&P
|
| Trigger levels: | 80% of initial levels
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 4.9%
|
| Cusip: | 40054LPY4
|
|
|
|
|
© 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.
