By Tali Rackner
Minneapolis, Feb. 6 – GS Finance Corp. priced $6.7 million of autocallable contingent coupon notes due Feb. 2, 2028 linked to the Euro Stoxx 50 index and the Russell 2000 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 of 6% per annum if each index closes at or above its 60% coupon trigger level on the determination date for that quarter.
After one year, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any call observation date.
If each index finishes at or above its 60% coupon trigger level, the payout will be par plus the final contingent coupon.
Investors will receive par if either index falls below 40% but not below 50% and will lose 1% for each 1% decline of the lesser-performing index.
Goldman Sachs & Co. is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon notes
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Underlying indexes: | Euro Stoxx 50, Russell 2000
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Amount: | $6,697,000
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Maturity: | Feb. 2, 2028
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Contingent coupon: | 6% annualized, payable quarterly if each index closes at or above 60% coupon trigger level on the determination date for that quarter
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Price: | Par
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Payout at maturity: | If each index finishes at or above coupon trigger level, par plus contingent coupon; if either index falls by more than 40% but not below 50%, par; otherwise, 1% loss for each 1% decline of lesser-performing index
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Call: | Automatically at par plus contingent coupon if each index closes at or above initial level on any call observation date beginning January 2019
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Initial index levels: | 3,647.41 for Euro Stoxx and 1,608.058 for Russell 2000
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Coupon trigger levels: | 2,188.446 for Euro Stoxx and 964.8348 for Russell 2000; 60% of initial levels
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | Goldman, Sachs & Co.
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Fees: | 3.95%
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Cusip: | 40055AEE3
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