By Wendy Van Sickle
Columbus, Ohio, May 30 – GS Finance Corp. priced $477,000 of 0% autocallable underlier-linked notes due June 1, 2023 based on the performance of 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.
The notes will be automatically called at par plus an 11.2% annualized call premium if both components close at or above 90% of their levels on any annual call observation date.
If the notes are not called and both components finish at or above 90% of their initial levels, the payout at maturity will be $1,448 per $1,000 principal amount.
If either or both components finish below 90% of their initial levels but the return of each component is at least negative 30%, the payout will be par.
If the return of either component is less than negative 30%, the payout will be par plus the return of the lesser performing component, with full exposure to losses.
Goldman, Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable underlier-linked notes
|
| Underlying components: | iShares MSCI Emerging Markets ETF and Euro Stoxx 50 index
|
| Amount: | $477,000
|
| Maturity: | June 1, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both components finish at or above 90% of their initial levels, $1,448 per $1,000 note; if either or both components finish below 90% of their initial levels but the return of each component is at least negative 30%, par; if return of either component is less than negative 30%, full exposure to losses of the lesser performing component
|
| Call: | At par plus 11.2% annualized call premium if both components close at or above their 90% call levels on an annual call observation date
|
| Initial levels: | $39.95 for EM ETF and 3,350.70 for Stoxx
|
| Pricing date: | Aug. 22
|
| Settlement date: | May 31
|
| Agent: | Goldman, Sachs & Co.
|
| Fees: | 0.3%
|
| Cusip: | 40056FCH6
|
|
|
© 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.
