By William Gullotti
Buffalo, N.Y., July 20 – GS Finance Corp. priced $1.91 million of 0% autocallable buffered index-linked notes due July 13, 2028 linked to the S&P 500 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 20% if the index closes at or above its initial level on July 7, 2025.
If the notes are not called and the index return is positive, the payout at maturity will be par plus 2.007 times the index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% loss beyond 20%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable buffered index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,907,000
|
| Maturity: | July 13, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and the index return is positive, par plus 2.007 times the index gain; par if the index falls by up to 20%; otherwise, 1% loss for each 1% decline beyond 20%
|
| Call: | Automatically at par plus 20% if the index closes at or above the initial index level on July 7, 2025
|
| Initial level: | 4,411.59
|
| Buffer level: | 80% of initial level
|
| Pricing date: | July 6
|
| Settlement date: | July 11
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.74%
|
| Cusip: | 40057TFD1
|
|
|
© 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.
