By Marisa Wong
Morgantown, W.Va., April 28 – GS Finance Corp. priced $730,000 of 0% autocallable notes due May 3, 2024 linked to the GS Momentum Builder Multi-Asset 5S ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be called at par plus an annual call premium of 9% if the index closes at or above its call level on any annual review date. The call level will be 103% of the initial level for the April 19, 2018 review date, stepping up by 300 basis points on each subsequent call review date up to 118% of the initial level on April 19, 2023.
The payout at maturity will be par plus any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
|
| Amount: | $730,000
|
| Maturity: | May 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index finishes flat or declines
|
| Call: | At par plus an annual call premium of 9% if the index closes at or above its call level on any annual review date
|
| Initial index level: | 99.28
|
| Call levels: | 103% of the initial level for the April 19, 2018 review date, stepping up by 300 bps on each subsequent call review date up to 118% of the initial level on April 19, 2023
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.4%
|
| Cusip: | 40054L6N9
|
|
|
© 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.
