E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/11/2020 in the Prospect News Structured Products Daily.

New Issue: GS Finance sells $761,000 autocallable index-linked notes on Russell, S&P

Chicago, Oct. 12 – GS Finance Corp. priced $761,000 of 0% autocallable index-linked notes due Oct. 2, 2025 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above its initial level on an annual call observation date, the notes will be called at par plus an annual call premium of 7%.

If the notes are not called and each index finishes at or above its initial level, the payout will be par plus 35%.

If either index falls by up to 30%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline of the lesser performing index

The notes are guaranteed by Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC is the agent.

Issuer:GS Finance Corp.
Guarantor:Goldman Sachs Group, Inc.
Issue:Autocallable index-linked notes
Underlying indexes:Russell 2000, S&P 500
Amount:$761,000
Maturity:Oct. 2, 2025
Coupon:0%
Price:Par
Payout at maturity:If the notes are not called and each index finishes at or above its initial level, par plus 35% maturity date premium; if either index falls by up to 30%, par; otherwise, 1% loss for every 1% decline of the lesser performing index
Call:If each index closes at or above initial level on annual call date, notes will be called at par plus 7% annual call premium
Initial index levels:1,474.908 for Russell, 3,298.46 for S&P
Barrier levels:70% of initial levels
Pricing date:Sept. 25
Settlement date:Sept. 30
Agent:Goldman Sachs & Co. LLC
Fees:4.475%
Cusip:40057CSK8

© 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.