Goldman plans 0% three-year autocallables tied to Russell, Stoxx 50

By Susanna Moon

Chicago, Nov. 7 – GS Finance Corp. plans to price 0% autocallable notes due Dec. 2, 2020 linked to least performing of the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 11.3% if each index closes at or above its call level on either annual call observation date. The call level will be 100% of the initial level on the first observation date, stepping down to 95% of the initial level on the second observation date.

If each index finishes at or above its 90% threshold, the payout at maturity will be par plus the maturity date premium of 33.9%, or $1,339 for each $1,000 principal amount.

If either index falls by up to the 70% barrier level, the payout will be par.

Otherwise, 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.

The notes will price on Nov. 27.

The Cusip number is 40055A2B2.

© 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.