By William Gullotti
Buffalo, N.Y., Nov. 27 – GS Finance Corp. priced $4.71 million of autocallable contingent coupon index-linked notes due Nov. 20, 2026 tied to the S&P 500 index and the Nasdaq-100 Technology Sector 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 10% if each index closes at or above the coupon trigger level, 60% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if each index closes at or above its initial index level on any quarterly call observation date after one year.
If the notes are not called and each index finishes at or above the 60% trigger buffer level, the payout at maturity will be par plus the final coupon. Otherwise, investors will be exposed to the decline of the least-performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon index-linked notes
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Underlying indexes: | S&P 500 index, Nasdaq-100 Technology Sector index
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Amount: | $4,709,000
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Maturity: | Nov. 20, 2026
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Coupon: | 10% annualized rate, payable quarterly if each index closes at or above coupon trigger level, on valuation date for that period
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Price: | Par
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Payout at maturity: | If each index finishes at or above trigger buffer level, par plus final coupon; otherwise, full exposure to decline of worst performer from initial level
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Call: | At par plus coupon if each index closes at or above its initial level on any quarterly call observation date after one year
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Initial index levels: | 4,514.02 for S&P, 8,619.827 for Nasdaq Technology
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Trigger buffer levels: | 60% of initial levels
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Coupon trigger levels: | 60% of initial levels
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Pricing date: | Nov. 17
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Settlement date: | Nov. 22
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 0.5%
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Cusip: | 40057WYF8
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