New York, March 18 – GS Finance Corp. priced $13.47 million of contingent income autocallable securities due March 11, 2027 linked to the class A common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.9%, paid quarterly, if the stock closes at or above its 75% downside threshold level on the relevant observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly valuation date.
At maturity, the payout will be par unless the stock finishes below its 75% downside threshold level, in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Contingent income autocallable securities
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Underlying stock: | Alphabet Inc.
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Amount: | $13,467,000
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Maturity: | March 11, 2027
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Coupon: | 10.9%, paid quarterly, if the stock closes at or above its 75% downside threshold level on the relevant observation date
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly valuation date
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Initial level: | $135.41
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Downside threshold: | $101.5575, 75% of initial level
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Pricing date: | March 8
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Settlement date: | March 13
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Agent: | Goldman Sachs & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 40057YM59
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