New Issue: Goldman prices $1.43 million trigger autocallables linked to Russell

By Angela McDaniels

Tacoma, Wash., May 29 – Goldman Sachs Group, Inc. priced $1.43 million of 0% trigger autocallable optimization securities due May 29, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Beginning in June 2016, the notes will be called at par of $10 plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date.

If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 40%. If the index return is negative but not below negative 27%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.

Goldman Sachs & Co. is the underwriter.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Trigger autocallable optimization securities
Underlying index:	Russell 2000
Amount:	$1,433,230
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is zero or positive, par plus 40%; if index return is negative but not below negative 27%, par; otherwise, full exposure to losses
Call option:	At par plus 8% per year if index closes at or above initial level on any quarterly observation date beginning in June 2016
Initial index level:	1,254.357
Trigger level:	915.681, 73% of initial level
Pricing date:	May 27
Settlement date:	May 29
Underwriter:	Goldman Sachs & Co.
Fees:	2.85%
Cusip:	38148W540

© 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.