By Marisa Wong
Morgantown, W.Va., Dec. 21 – GS Finance Corp. priced $2.15 million of 0% autocallable index-linked notes due Dec. 24, 2021 tied to the Euro Stoxx 50 index and the MSCI ACWI 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 a 9.25% annualized call premium if both indexes close at or above their initial index levels on any annual call observation date.
If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus 37%.
If each index finishes at or above 70% of its initial level, the payout will be par plus 10%.
Otherwise, investors will be full exposed to the decline of the worse-performing index.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying indexes: | Euro Stoxx 50 index and MSCI ACWI index
|
| Amount: | $2.15 million
|
| Maturity: | Dec. 24, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 37%; if neither index falls by more than 30%, par plus 10%; if either index falls by more than 30%, par plus return of worst-performing index, with full exposure to losses
|
| Call: | At par plus 9.25% per year if both indexes close at or above their initial levels on any annual call observation date
|
| Initial index levels: | 3,560.53 for Euro Stoxx and 507.081 for MSCI ACWI
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 22
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 2.55%
|
| Cusip: | 40055AB22
|
|
|
© 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.
