By Wendy Van Sickle
Columbus, Ohio, May 18 – GS Finance Corp. priced $4.14 million of autocallable contingent coupon notes due Nov. 24, 2025 linked to the iShares MSCI Emerging Markets exchange-traded fund and 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.
Each month, the notes pay a contingent coupon at an annual rate of 8.2% if each underlier closes at or above 80% of its initial level on the related observation date.
The notes will be automatically called at par if each underlier closes above its initial level on any coupon observation date after one year.
The payout at maturity will be par plus the final coupon, unless either underlier closes below its 80% trigger level, in which case investors will be exposed to the decline of the lesser-performing underlie beyond 20%.
Goldman Sachs & Co. is the underwriter.
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 assets: | iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
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Amount: | $4,144,000
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Maturity: | Nov. 24, 2025
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Coupon: | 8.2%, payable each month that each underlier closes at or above 80% of initial level on related observation date
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Price: | Par
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Payout at maturity: | Par plus final coupon, unless either underlier closes below 80% trigger level, in which case exposure to loss of lesser-performing underlier beyond 20%
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Call: | At par if each underlier closes above initial level on any coupon observation date after one year
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Initial levels: | $46.48 for EM ETF and 3,564.29 for Stoxx
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Coupon trigger levels: | $37.184 for EM ETF, 2,851.432 for Stoxx, 80% of initial levels
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Pricing date: | May 15
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Settlement date: | May 18
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Underwriter: | Goldman Sachs & Co.
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Fees: | 5.15%
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Cusip: | 40055Q4P4
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