By Taylor Fox
New York, Feb. 8 – GS Finance Corp. priced $345,000 of autocallable contingent coupon notes due July 13, 2022 linked to the Nasdaq-100 Technology Sector index and the iShares Silver Trust ETF, 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 10.5% per annum if each asset closes at or above its 70% coupon trigger level on the determination date for that period.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly call observation date starting after six months.
The payout at maturity will be par unless any asset closes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset from its initial level.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon notes
|
| Underlying assets: | Nasdaq-100 Technology Sector index and the iShares Silver Trust ETF
|
| Amount: | $345,000
|
| Maturity: | July 13, 2022
|
| Contingent coupon: | 10.5% annualized, payable quarterly if each asset closes at or above coupon trigger level on the determination date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any asset closes below 70% of its initial level, in which case investors will be fully exposed to the decline of the least performing asset from its initial level
|
| Call: | Automatically at par plus contingent coupon if each asset closes at or above initial level on any quarterly call observation date starting after six months
|
| Initial levels: | 7,427.181 for Nasdaq and $25.34 for iShares
|
| Coupon/trigger levels: | 70% of initial levels
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 11
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.525%
|
| Cusip: | 40057F2U7
|
|
|
|
|
© 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.
