By Kiku Steinfeld
Chicago, Sept. 20 – GS Finance Corp. priced $374,000 of 0% autocallable index-linked notes due July 10, 2023 tied to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its initial level on the June 30, 2022 call observation date, the notes will be called at par plus 9.25%.
If the notes are not called and each index finishes above its initial level, the payout will be par plus 1.25 times the lesser performing index return.
If the worst performer finishes at or above 85% of its initial level, the payout will be par.
If either index falls by more than 15%, investors will be exposed to any losses of the lesser-performing index beyond the 15% buffer.
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: | Dow Jones industrial average, Nasdaq-100 index
|
| Amount: | $374,000
|
| Maturity: | July 10, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the notes are not called and each index finishes above its initial level, par plus 1.25 times the lesser performing index return; if worst performer finishes at or above 85% of initial level, par; if either index falls by more than 15%, investors will be exposed to any losses of the lesser-performing index beyond the 15% buffer
|
| Call: | If each index closes at or above initial level on June 30, 2022, par plus 9.25%
|
| Initial index levels: | 34,502.51 for Dow and 14,554.80 for Nasdaq
|
| Trigger buffer levels: | 85% of initial levels
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 0.62%
|
| Cusip: | 40057HGV6
|
|
|
© 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.
