By Wendy Van Sickle
Columbus, Ohio, Oct. 24 – GS Finance Corp. plans to priced $11.61 million 0% autocallable absolute return trigger notes due Oct. 20, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par if on any day during the life of the notes the closing level of underlier declines below the lower barrier of 83% of the initial underlier level or increases above the upper barrier of 131.1% of the initial underlier level.
If the notes are not called prior to maturity, the payout will be par plus the absolute value of the index return.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable absolute return trigger notes
|
| Underlying index: | S&P 500
|
| Amount: | $11,605,000
|
| Maturity: | Oct. 20, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par if on any day during the life of the notes the closing level of underlier declines below the lower barrier of 83% of the initial underlier level or increases above the upper barrier of 131.1% of the initial underlier level
|
| Payout at maturity: | If the index stays within a barrier range, par plus the absolute value of the index return
|
| Initial index level: | 2,809.21
|
| Lower barrier: | 83% of initial level
|
| Upper barrier: | 131.1% of initial level
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 24
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 1.825%
|
| Cusip: | 40056EA65
|
|
|
© 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.
