By Wendy Van Sickle
Columbus, Ohio, July 11 – GS Finance Corp. priced $1.57 million of autocallable continent coupon underlier-linked notes due Jan. 6, 2026 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 8.2% 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.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon underlier-linked notes
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Underlying assets: | Euro Stoxx 50 index, iShares MSCI Emerging Markets ETF
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Amount: | $1,568,000
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Maturity: | Jan. 6, 2026
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Coupon: | 8.2%, payable monthly if each underlier closes at or above 80% of initial level on observation date
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Price: | Par
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Call: | At par plus coupon if each underlier closes at or above initial level on any observation date after a year
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Payout at maturity: | Par unless lesser-performing underlier falls by more than 20%; exposure to losses of lesser-performing underlier beyond 20%
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Initial levels: | 3,369.21 for index and $43.33 for ETF
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Initial levels: | 2,695.368 for index and $34.664 for ETF; 80% of initial levels
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Pricing date: | June 25
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Settlement date: | June 28
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Underwriter: | Goldman, Sachs & Co.
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Fees: | 4.9%
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Cusip: | 40055QG30
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