By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – GS Finance Corp. priced $1.94 million of autocallable contingent coupon notes due Oct. 30, 2025 linked to the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent quarterly coupon of 6% per annum if each index closes at or above its 70% coupon trigger level on the determination date for that quarter.
The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly call observation date after one year.
The payout at maturity will be par unless any index finishes below 65% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.
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 indexes: | S&P 500, Nasdaq-100 and Dow Jones industrial average
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Amount: | $1,939,000
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Maturity: | Oct. 30, 2025
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Contingent coupon: | 6% annualized, payable quarterly if each index closes at or above 70% coupon trigger level on the determination date for that quarter
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Price: | Par
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Payout at maturity: | Par unless any index finishes below 65% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level
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Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any quarterly call observation date after one year
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Initial index levels: | 3,390.68 for S&P, 11,598.95 for Nasdaq and 27,463.19 for Dow
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Coupon trigger levels: | 70% of initial levels
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Trigger buffer levels: | 65% of initial levels
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Pricing date: | Oct. 27
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Settlement date: | Oct. 30
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 4.26%
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Cusip: | 40057EDN4
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