By Wendy Van Sickle
Columbus, Ohio, April 21 – GS Finance Corp. priced $113,000 of autocallable contingent coupon equity-linked notes due April 6, 2026 linked to the S&P 500 index, 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 at an annual rate of 5% if the index closes at or above its coupon trigger level, 70% of the initial level, on the determination date for that period.
The notes will be called at par plus the contingent coupon if the index closes at or above the initial level on any quarterly determination date after one year.
The payout at maturity will be par unless the index finishes below its 60% trigger level, in which case investors will be fully exposed to the loss.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon equity-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $113,000
|
| Maturity: | April 6, 2026
|
| Coupon: | 5% per year, payable quarterly if index closes at or above coupon trigger level on a related determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below its trigger level, in which case full exposure to loss
|
| Call: | At par plus contingent coupon if index closes at or above initial level on any quarterly determination date after one year
|
| Initial level: | 3,972.89
|
| Coupon trigger level: | 70% of initial level
|
| Trigger level: | 60% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.99%
|
| Cusip: | 40057FKX1
|
|
|
© 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.
