By Marisa Wong
Madison, Wis., Oct. 15 - Goldman Sachs Group, Inc. priced $4.74 million of 17.4% autocallable lesser performing equity-linked notes due Oct, 17, 2014 linked to the common stocks of Barrick Gold Corp., Goldcorp Inc. and Newmont Mining Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
Beginning in February, the notes will be called at par if the closing share price of each stock on any monthly call observation date is greater than or equal to its initial share price.
If the notes are not called and the closing share price of each stock remains at or above 60% of its initial share price throughout the life of the notes, the payout at maturity will be par. Otherwise, the payout will be par plus the return of the lowest-performing stock, subject to a maximum payout of par.
Goldman Sachs & Co. is the underwriter.
| Issuer: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable lesser performing equity-linked notes
|
| Underlying stocks: | Barrick Gold Corp., Goldcorp Inc. and Newmont Mining Corp.
|
| Amount: | $4.74 million
|
| Maturity: | Oct. 14, 2016
|
| Coupon: | 17.4%, payable monthly
|
| Price: | Par
|
| Payout at maturity: | If closing share price of each stock remains at or above 60% of its initial share price throughout life of notes, par; otherwise, par plus return of lowest-performing stock, subject to a maximum payout of par
|
| Call: | Automatically at par if closing share price of each stock on any monthly call observation date beginning in February is greater than or equal to its initial share price
|
| Initial share prices: | $18.13 for Barrick, $24.727 for Goldcorp and $26.617 for Newmont
|
| Pricing date: | Oct. 10
|
| Settlement date: | Oct. 17
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 1.1%
|
| Cusip: | 38147T597
|
© 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.
