By William Gullotti
Buffalo, N.Y., June 14 – GS Finance Corp. priced $2.51 million of 0% autocallable contingent coupon underlier-linked notes due May 28, 2026 linked to the least performing of the Russell 2000 index and the Invesco S&P 500 High Beta 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 monthly contingent coupon of 6% annually if each underlier is above the trigger level on the corresponding observation date.
The notes will be called at par plus coupon if each underlier closes at or above its initial level on any quarterly call observation date after one year.
At maturity, the payout will be par if the return of east underlier is greater than or equal to negative 15%. Otherwise, investors will lose 1% for every 1% that the least performer declines beyond 15%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon underlier-linked notes
|
| Underlying assets: | Russell 2000 index, Invesco S&P 500 High Beta ETF
|
| Amount: | $2,509,000
|
| Maturity: | May 28, 2026
|
| Coupon: | 6% per year, payable monthly if each underlier is above the trigger level on the corresponding observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless either underlier declines by more than 15%, in which case 1% loss for every 1% that worst performer declines beyond 15%
|
| Call: | At par plus coupon if each underlier closes at or above initial level on any quarterly call observation date after one year
|
| Initial levels: | 2,207.76 for Russell, $74.12 for ETF
|
| Trigger levels: | 85% of initial levels
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 40057HCR9
|
© 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.
