Chicago, March 8 – GS Finance Corp. priced $8.9 million of autocallable contingent coupon notes due Jan. 25, 2024 linked to the common stock of lululemon athletica inc., 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 12.25% per annum if the stock closes at or above its 70% coupon trigger level on the related quarterly determination date.
The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial level on any quarterly determination date.
The payout at maturity will be par unless the stock finishes below 70% trigger level, in which case investors will lose 1% for every 1% decline of the stock.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Smith Barney LLC is the dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon stock-linked notes
|
| Underlying stock: | lululemon athletica inc.
|
| Amount: | $8,899,750
|
| Maturity: | Jan. 25, 2024
|
| Coupon: | 12.25% per year, payable each quarter that stock closes at or above its 70% coupon trigger level on the related quarterly determination date
|
| Price: | Par of $10
|
| Payout at maturity: | Par unless the stock finishes below 70% trigger level, in which case investors will lose 1% for every 1% decline of the stock
|
| Call: | At par plus the contingent coupon if stock closes at or above its initial level on any quarterly determination date
|
| Initial level: | $346.37
|
| Coupon trigger level: | $242.459, 70% of initial level
|
| Trigger level: | $242.459, 70% of initial level
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Dealer: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2.675%
|
| Cusip: | 36259U550
|
© 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.
