By Angela McDaniels
Tacoma, Wash., May 16 – GS Finance Corp. priced $34,000 of 0% autocallable notes due May 21, 2024 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a call premium of 8% per year if each index closes at or above its initial level on any annual call observation date.
If the notes are not called and the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 40%.
If the final level of each index is greater than or equal to 67.5% of its initial level but the final level of either index is less than its initial level, the payout will be par.
If the final level of either index is less than 67.5% of its initial level, investors will be exposed to the decline of the lesser-performing index from its initial level.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable notes
|
Underlying indexes: | Russell 2000 and Nasdaq-100
|
Amount: | $34,000
|
Maturity: | May 21, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If notes are not called and final level of each index is greater than or equal to initial level, par plus 40%; if final level of each index is greater than or equal to 67.5% of initial level but final level of either index is less than initial level, par; if final level of either index is less than 67.5% of initial level, exposure to decline of lesser-performing index from initial level
|
Call: | Automatically at par plus call premium of 8% per year if each index closes at or above initial level on any annual call observation date
|
Initial levels: | 1,543.058 for Russell 2000 and 7,401.884 for Nasdaq-100
|
Pricing date: | May 14
|
Settlement date: | May 17
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.475%
|
Cusip: | 40056FCW3
|
© 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.