New Issue: GS Finance sells $30.3 million autocallable index-linked notes on indexes

By Wendy Van Sickle

Columbus, Ohio, Aug. 6 – GS Finance Corp. priced $30.3 million of 0% autocallable index-linked notes due Aug. 2, 2023 tied to the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 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 2.45% annualized if each index closes at or above its initial level on Aug. 12, 2022 or Jan. 30, 2023.

If the notes are not called and each index closes at or above 45% of its initial level, the payout at maturity will be par plus 4.9%.

Otherwise, investors will be exposed to any losses of the least-performing index.

Goldman Sachs & Co. LLC is the agent. JPMorgan is the placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	S&P 500, Euro Stoxx 50, Russell 2000
Amount:	$30.3 million
Maturity:	Aug. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above 45% of its initial level, par plus 4.9%; otherwise, full exposure to losses of the least-performing index
Call:	At par plus 2.45% annualized if each index closes at or above its initial level on Aug. 12, 2022 or Jan. 30, 2023
Initial index levels:	2,226.246 for Russell, 4,395.26 for S&P, 4,089.3 for Stoxx
Barrier levels:	45% of initial index levels
Pricing date:	July 30
Settlement date:	Aug. 4
Agent:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan
Fees:	1%
Cusip:	40057J4Y9

© 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.