By Wendy Van Sickle
Columbus, Ohio, Jan. 21 – GS Finance Corp. priced $2 million of autocallable contingent coupon equity-linked securities due Jan. 16, 2025 linked to the common stock of Boeing Co., 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 quarterly coupon at an annualized rate of 15.5% if the stock closes at or above the coupon barrier price, 80% of the initial price, on the valuation date for that period.
The notes will be automatically called at par plus the contingent coupon if the stock close at or above the initial share price on any quarterly valuation date.
If the notes have not been called, the payout at maturity will be par unless the stock finishes below its 80% barrier level, in which case investors will lose 1% for every 1% that the stock finishes below its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Autocallable contingent coupon equity-linked securities
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Underlying stock: | Boeing Co.
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Amount: | $2 million
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Maturity: | Jan. 16, 2025
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Coupon: | 15.5% annually, payable quarterly, if stock closes at or above coupon barrier price on valuation date for that period
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its 80% barrier level, in which case investors will lose 1% for every 1% that the stock finishes below its initial level
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Call: | Automatically at par plus contingent coupon if stock closes at or above initial level on any quarterly valuation date
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Initial share price: | $223.90
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Coupon barrier level: | 80% of initial level
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Final barrier level: | 80% of initial level
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Pricing date: | Jan. 14
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Settlement date: | Jan. 20
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Agent: | Goldman Sachs & Co. LLC
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Fees: | 2%
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Cusip: | 40057KTS2
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