By Sarah Lizee
Olympia, Wash., Feb. 20 – GS Finance Corp. priced $9.78 million of 0% jump securities with autocallable feature due Feb. 20, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 10.4% if the index closes above its initial level on any quarterly call observation date after one year.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 52%.
If the index falls by up to 15%, the payout will be par.
If the index finishes below its 85% downside threshold, investors will be fully exposed to any losses.
Goldman Sachs & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $9,783,610
|
| Maturity: | Feb. 20, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 10.4% per year if index closes above initial level on any quarterly call observation date after one year
|
| Payout at maturity: | If index gains or finishes flat, par plus 52%; if index falls by up to 15%, par; otherwise, 1% loss for each 1% decline
|
| Initial index level: | 3,840.97
|
| Downside threshold: | 3,264.8245, 85% of initial level
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Agent: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.85%
|
| Cusip: | 36259H369
|
|
|
© 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.
