New Issue: GS Finance sells $2.48 million index-linked autocallables on S&P

By Wendy Van Sickle

Columbus, Ohio, Feb. 2 – GS Finance Corp. priced $2.48 million of 0% autocallable index-linked notes due Jan. 19, 2023 tied 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 called at par plus 7.4% if the index closes at or above its initial level on Jan. 28, 2022.

The payout at maturity will be par plus the index return if the index finishes at or above its initial level. If the index finishes below its initial level but at or above 85% of its initial level, the payout will be par. Otherwise, investors will lose 1.1765% for each 1% index decline beyond 15%.

Goldman Sachs & Co. LLC is the underwriter with JPMorgan as placement agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying index:	S&P 500 index
Amount:	$2,475,000
Maturity:	Jan. 19, 2023
Coupon:	0%
Price:	Par of $1,000
Call:	At par plus 7.4% if index closes at or above initial level on Jan. 28, 2022
Payout at maturity:	Par plus index return if index finishes at or above its initial level; if index finishes below its initial level but above 85% of initial level, par; otherwise, 1.1765% loss for each 1% decline beyond 15%
Initial level:	3,768.25
Pricing date:	Jan. 15
Settlement date:	Jan. 21
Underwriter:	Goldman Sachs & Co. LLC
Placement agent:	JPMorgan
Fees:	1.65%
Cusip:	40057F4L5

© 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.