PDCP E-COMMERCE AUTOCALL with the option of automatic early repayment provides the opportunity to gain an attractive annual yield of 8% (see Note). The total yield for its three-year duration can then reach up to 24%.  

 

The payout of the yield and the nominal value of PDCP E-COMMERCE AUTOCALL is based on the price trend of shares of three important companies the activity of which focuses on the offer of goods and advertising on the internet – Amazon, Alibaba and eBay. In addition, the construction of PDCP E-COMMERCE AUTOCALL allows its early repayment and payout of an attractive yield in case of a slight decrease or stagnation of the underlying assets. The product may end already after the first year and subsequently each year for its duration until the maturity date. 

 

Issuer: Goldman, Sachs & Co. Wertpapier GmbH

Guarantor: The Goldman Sachs Group, Inc. (S&P's BBB+ / Moody's A3 / Fitch A)

Underlying shares: Amazon.com, Inc., Alibaba Group Holding Limited and eBay Inc.

 

 

• The payout of the yield and nominal value of PDCP E-COMMERCE AUTOCALL depends on the trend of market rate of shares of companies such as Amazon, Alibaba and eBay.
• For its duration PDCP E-COMMERCE AUTOCALL can be automatically paid out early once a year, if the value of each individual underlying share at the observation date will be equal or higher than the comparative value of the underlying share at the relevant observation date.
• If the automatic early repayment condition is not met, PDCP E-COMMERCE AUTOCALL continues to the next date of possible repayment.
• If PDCP E-COMMERCE AUTOCALL is automatically repaid early, the investor shall receive its nominal value and a yield of 8% (see Note) for each year that elapsed since the issue date.
• If the automatic early repayment is not made and at the date of fixing the closing value of the individual underlying shares the price of any of the shares does not fall below the barrier of 55% of its initial value, the nominal value of PDCP E-COMMERCE AUTOCALL and the total yield of 24% (equivalent of three annual yields of 8% (see Note)) shall be paid out at the maturity date.
• If the automatic early repayment is not made and at the date of fixing the closing value of the individual underlying shares the price of at least one of the underlying shares falls below the barrier of 55% of its initial value and at the same time the closing value of any of the remaining shares shall not be equal or higher than its initial value, 100% of the nominal value of PDCP E-COMMERCE AUTOCALL shall be paid out at the maturity date decreased by the loss of the worst of the three shares since the date of fixing its initial value until the date of fixing its closing value. The investor will incur a loss which represents more than 45% of his initial investment and no yield shall be paid out.