By Taylor Fox
New York, Feb. 22 – GS Finance Corp. priced $800,000 of 0% autocallable index-linked notes due Feb. 5, 2024 tied to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on an annual call observation date, the notes will be called at par plus 10% per annum.
If the notes are not called and each index finishes at or above its initial level, the payout will be par plus the maturity date premium of 30%.
If the worst performer finishes above 65% of its initial level, the payout will be par.
If either index falls by more than 35%, investors will be fully exposed to any losses of the lesser-performing index.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Russell 2000 index, S&P 500
|
| Amount: | $800,000
|
| Maturity: | Feb. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes at or above its initial level, par plus 30%; if worst performer finishes above 65% of initial level, par; if either index falls by more than 35%, investors will be fully exposed to the losses of the worst performer
|
| Call: | If each index closes at or above initial level on an annual call observation date, notes will be called at par plus 10% per annum
|
| Initial index levels: | 2,073.641 for Russell and 3,714.24 for S&P
|
| Trigger buffer levels: | 65% of initial levels
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 1.07%
|
| Cusip: | 40057EYT8
|
|
|
© 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.
