By Susanna Moon
Chicago, May 1 – GS Finance Corp. priced $600,000 of autocallable contingent coupon notes due May 2, 2022 linked to the least performing of the common stocks of Splunk Inc., Amazon.com, Inc. and Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 16% if each underlying stock closes at or above its 65% coupon barrier on the observation date for that month.
The notes will be called at par if each stock closes at or above its initial level on any review date after six months.
The payout at maturity will be par unless any stock closes below its 60% downside threshold, in which case investors will be fully exposed to any losses of the worst performing stock.
The guarantor is Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying stocks: | Splunk Inc. (Symbol: SPLK), Amazon.com, Inc. (Symbol: AMZN) and Boeing Co. (Symbol: BA)
|
| Amount: | $600,000
|
| Maturity: | May 2, 2022
|
| Coupon: | 16% annualized, payable monthly if each stock closes at or above 65% coupon barrier on review date for that month
|
| Price: | Par
|
| Payout at maturity: | If each stock finishes at or above 60% downside threshold, par; otherwise, 1% loss for each 1% decline of worst performing stock
|
| Call: | At par if each stock closes at or above its initial level on any quarterly call review date from October 2018 through January 2022
|
| Initial levels: | $100.36 for Splunk, $1,460.09 for Amazon and $329.06 for Boeing
|
| Coupon barriers: | 65% of initial levels
|
| Trigger levels: | 60% of initial levels
|
| Pricing date: | April 24
|
| Settlement date: | May 1
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.55%
|
| Cusip: | 40055AYS0
|
|
|
|
|
© 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.
