By Wendy Van Sickle
Columbus, Ohio, June 25 – GS Finance Corp. priced $1.37 million of autocallable continent coupon underlier-linked notes due Dec. 22, 2025 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, 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 monthly coupon at an annualized rate of 10.5% if each asset closes at or above 80% of its initial level on any monthly observation date.
The notes will be called if each underlier closes at or above its initial level on any observation date after a year.
If the lesser-performing index gains or falls by no more than 20%, the payout at maturity will be par.
If either underlier falls by more than 20%, investors will lose 1% for every 1% decline of the lesser performing underlier beyond 20%.
Goldman, Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon underlier-linked notes
|
| Underlying assets: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
|
| Amount: | $1.37 million
|
| Maturity: | Dec. 22, 2025
|
| Coupon: | 10.5%, payable monthly if each underlier closes at or above 80% of initial level on observation date
|
| Price: | Par
|
| Call: | At par plus coupon if each underlier closes at or above initial level on any observation date after a year
|
| Payout at maturity: | Par unless lesser-performing underlier falls by more than 20%; exposure to losses of lesser-performing underlier beyond 20%
|
| Initial levels: | 3,505.02 for index and $45.23 for ETF
|
| Initial levels: | 2,804.016 for index and $36.184 for ETF; 80% of initial levels
|
| Pricing date: | June 15
|
| Settlement date: | June 20
|
| Underwriter: | Goldman, Sachs & Co.
|
| Fees: | 1.4%
|
| Cusip: | 40055QFM9
|
|
|
© 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.
