By Wendy Van Sickle
Columbus, Ohio, June 1 – GS Finance Corp. priced $3.61 million of 0% autocallable index-linked notes due June 3, 2025 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 a call premium of 10.5% a year if the index closes at or above its initial level on June 7, 2023 or May 24, 2024.
If the notes are not called, the payout at maturity will be par plus 31.5% if the index finishes at or above its initial level.
If the index declines by up to 20%, the payout will be par; otherwise, investors will have full exposure to the index decline.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,613,000
|
| Maturity: | June 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 31.5%; if the index declines by up to 20%, par; otherwise, full exposure to loss
|
| Call: | At par plus a 10.5% annualized call premium if index closes at or above initial level on June 7, 2023 or May 24, 2024
|
| Initial level: | 3,941.48
|
| Barrier level: | 80% of initial level
|
| Pricing date: | May 24
|
| Settlement date: | May 27
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 40057M4S5
|
|
|
© 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.
