By Wendy Van Sickle
Columbus, Ohio, April 19 – GS Finance Corp. priced $6.24 million of 0% trigger autocallable notes due April 20, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
Beginning in April 2018, the notes will be automatically called at par of $10 plus a call return of 9% a year if the index closes at or above its initial level on any quarterly call observation date.
The payout at maturity will be par plus 45% if the index finishes above its initial level. The payout will be par if the index finishes below its initial level but above the 57% threshold. If the index finishes below the threshold, investors will have full exposure to the decline.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Trigger autocallable notes
|
| Underlying indexes: | Euro Stoxx 50 index
|
| Amount: | $6,237,840
|
| Maturity: | April 20, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Call: | Beginning in April 2018, at par plus 9% per year if index closes at or above initial level on any quarterly call observation date
|
| Payout at maturity: | Par plus 45% if index finishes above initial level; par if the index finishes below its initial level but above 57% threshold; otherwise, full exposure to decline
|
| Initial levels: | 3,448.26
|
| Trigger levels: | 1,965.51, 57% of initial level
|
| Pricing date: | April 13
|
| Settlement date: | April 20
|
| Agents: | Goldman Sachs & Co.
|
| Fees: | 2.85%
|
| Cusip: | 36251V564
|
|
|
© 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.
