By Wendy Van Sickle
Columbus, Ohio, June 5 – GS Finance Corp. priced $1.5 million of 0% autocallable buffered index-linked notes due June 5, 2023 linked to the Euro Stoxx 50 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 an annualized call premium of 9.42% if the index closes at or above the initial index level on July 1, 2021 or June 1, 2022.
If the notes are not called and the index return is zero or positive, the payout at maturity will be par plus 28.26%. Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% loss beyond 10%.
Goldman Sachs & Co. LLC is the underwriter.
Issuer: | GS Finance Corp.
|
Guarantor | Goldman Sachs Group, Inc.
|
Issue: | Autocallable buffered index-linked notes
|
Underlying index: | Euro Stoxx 50
|
Amount: | $1.5 million
|
Maturity: | June 5, 2023
|
Coupon: | 0%
|
Price: | Par of $1,000
|
Payout at maturity: | If index return is zero or positive, par plus 28.26%; if index falls by up to 10%, par; 1.1111% loss for each 1% decline beyond 10%
|
Call: | Par plus annualized call premium of 9.42% if index closes at or above initial index level on July 1, 2021 or June 1, 2022
|
Initial level: | 3,055.73
|
Buffer level: | 90% of initial level
|
Pricing date: | June 1
|
Settlement date: | June 8
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 2.425%
|
Cusip: | 40057CA46
|
© 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.