By William Gullotti
Buffalo, N.Y., Dec. 11 – GS Finance Corp. priced $9.97 million of 0% autocallable trigger Performance Leveraged Upside Securities due Dec. 5, 2028 linked 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 automatically called at par plus a 10% call premium if the index closes at or above its initial level on Dec. 9, 2024.
If the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 135% of the return.
If the index declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Goldman Sachs & Co. LLC is the underwriter. Morgan Stanley Wealth Management is a dealer.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $9,965,000
|
| Maturity: | Dec. 5, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to the initial level, par plus 135% of index return; if final index level is less than initial index level but greater than or equal to trigger level, par; otherwise, 1% loss for every 1% that index declines from initial level
|
| Call: | Automatically at par plus a 10% call premium if the index closes at or above initial level on Dec. 9, 2024
|
| Initial index level: | 4,567.8
|
| Trigger level: | 3,654.24; 80% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.25%
|
| Cusip: | 40057X6R1
|
|
|
© 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.
