Published on 10/8/2015 in the Prospect News Structured Products Daily.
New Issue: Goldman Sachs prices $376,000 autocallables linked to GS Momentum Builder
By Angela McDaniels
Tacoma, Wash., Oct. 8 – Goldman Sachs Group, Inc. priced $376,000 of 0% autocallable notes due Oct. 11, 2022 linked to the GS Momentum Builder Multi-Asset 5 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a call return of 10% per year if the index closes at or above the call level on any annual call observation date. The call level is 105% of the initial level on the first call observation date, 110% of the initial level on the second call observation date, 115% of the initial level on the third call observation date, 120% of the initial level on the fourth call observation date, 125% of the initial level on the fifth call observation date and 130% of the initial level on the sixth call observation date.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 1.5 times the index return. If the index return is zero or negative, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | GS Momentum Builder Multi-Asset 5 ER index
|
| Amount: | $376,000
|
| Maturity: | Oct. 11, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.5 times index return; if index return is zero or negative, par
|
| Call: | Automatically at par plus call return of 10% per year if index closes at or above call level on any annual call observation date
|
| Call level: | 105% of initial level on first call observation date, 110% of initial level on second call observation date, 115% of initial level on third call observation date, 120% of initial level on fourth call observation date, 125% of initial level on fifth call observation date and 130% of initial level on sixth call observation date
|
| Initial level: | 106.00
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 4.9%
|
| Cusip: | 38148TCK3
|
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