By William Gullotti
Buffalo, N.Y., July 5 – GS Finance Corp. priced $4.15 million of 0% market-linked securities – autocallable with leveraged upside participation and contingent downside due July 6, 2026 linked to the performance of the Russell 2000 index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be redeemed early at par plus a 16.25% call premium if the worst performer closes at or above its initial level on July 3, 2024.
If the notes are not called, the payout at maturity will be par plus 150% of any gain of the worst performer.
Investors will receive par if the worst performer declines by no more than 25% and will be fully exposed to the decline of the worst performer if it declines beyond 25%.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
Issuer: | GS Finance Corp.
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Guarantor: | Goldman Sachs Group, Inc.
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Issue: | Market-linked securities – autocallable with leveraged upside participation and contingent downside
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Underlying assets: | Russell 2000 index, iShares MSCI Emerging Markets ETF
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Amount: | $4,147,000
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Maturity: | July 6, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any gain of worst performer; if worst performer falls by up to 25%, par; otherwise, 1% loss for every 1% decline of worst performer from initial level
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Call: | Automatically at par plus 16.25% if worst performer closes at or above initial level on July 3, 2024
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Initial levels: | 1,858.709 for index, $39.46 for ETF
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Buffer levels: | 75% of initial levels
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Pricing date: | June 28
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Settlement date: | July 3
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Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
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Fees: | 2.575%
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Cusip: | 40057TBB9
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