By Wendy Van Sickle
Columbus, Ohio, April 5 – GS Finance Corp. priced $770,000 of autocallable contingent coupon notes due April 3, 2028 linked to the 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 pay a contingent quarterly coupon at an annual rate of 8.25% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any review date.
The payout at maturity will be par unless either index finishes below 70% of its initial level, in which case investors will be exposed to any losses of the worse performing index.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon notes
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Underlying assets: | Russell 2000 and Euro Stoxx 50
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Amount: | $770,000
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Maturity: | April 3, 2028
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Coupon: | 8.25% annualized, payable quarterly if each index closes at or above 70% coupon barrier on review date for that quarter
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Price: | Par
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Payout at maturity: | Par if each index finishes above 70% of initial level; otherwise 1% loss for each 1% decline of worse performing index
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Call: | At par if each index closes at or above its initial level on any review date
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Initial levels: | 3,316.95 for Stoxx and 1,513.566 for Russell
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Coupon barriers: | 70% of initial levels
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Pricing date: | March 27
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Settlement date: | March 29
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 3.83%
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Cusip: | 40055AS65
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