New Issue: GS Finance sells $52 million autocallable index-linked notes on indexes

By Marisa Wong

Los Angeles, July 7 – GS Finance Corp. priced $52 million of 0% autocallable index-linked notes due July 5, 2024 tied to the least performing of the FTSE 100 index, the Euro Stoxx 50 index and the MSCI EAFE 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 15% if each index closes at or above its initial level on July 8, 2022.

If the notes are not called and each index finishes at or above its initial level, the payout at maturity will be par plus 2.3135 times the return of the least performing index. Otherwise, investors will lose 1% for every 1% that the least performing index declines below its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	FTSE 100 index, Euro Stoxx 50 index and MSCI EAFE index
Amount:	$52 million
Maturity:	July 5, 2024
Coupon:	0%
Price:	Par of $1,000
Call:	At par plus 15% if each index closes at or above its initial level on July 8, 2022
Payout at maturity:	Par plus 2.3135 times any gain in least performing index; otherwise, full exposure to decline of least performing index
Initial levels:	7,125.16 for FTSE, 4,078.89 for Stoxx and 2,309.27 for EAFE
Pricing date:	July 1
Settlement date:	July 7
Agent:	Goldman Sachs & Co. LLC
Fees:	3.75%
Cusip:	40057HP20

© 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.