New York, March 21 – GS Finance Corp. priced $1.05 million of 0% autocallable notes due March 27, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus 3% if the index closes at or above its initial level on June 21, 2018, at par plus 6% if the index closes at or above its initial level on Sept. 20, 2018 and at par plus 9% if the index closes at or above its initial level on Dec. 20, 2018.
The payout at maturity will be par plus 12% if the index finishes at or above its initial level.
If the index declines but by no more than 10% the payout will be par. For losses of greater than 10% the notes will pay par less an amount proportional to the decline in the index from its initial level.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked securities
|
| Underlying index | S&P 500 index
|
| Amount: | $1,045,000
|
| Maturity: | March 27, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its initial level the payout will be par plus 12%, if index declines by up to 10% the payout will be par, full exposure to losses for declines of greater than 10%
|
| Call: | At par plus 3% if index closes at or above initial level on June 21, 2018, at par plus 6% if index closes at or above initial level on Sept. 20, 2018, at par plus 9% if index closes at or above initial level on Dec. 20, 2018
|
| Initial level: | 2,786.57
|
| Pricing date: | March 9
|
| Settlement date: | March 14
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 1.1%
|
| Cusip: | 40055AS81
|
|
|
|
|
© 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.
