By Susanna Moon
Chicago, June 28 – GS Finance Corp. priced $7.15 million of 0% autocallable notes due June 26, 2028 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 9.25% if the index closes at or above its initial level on any annual review date after one year.
If the underlying index finishes above its initial level, the payout at maturity will be the maximum settlement amount of $1,925 for each $1,000 principal amount.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. is the underwriter. JPMorgan is the placement agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,145,000
|
| Maturity: | June 26, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 9.25% if index closes at or above its initial level on any annual call review date beginning June 2019
|
| Payout at maturity: | If asset gains, par plus 9.25%; otherwise, 1% loss for each 1% decline
|
| Initial level: | 2,749.76, closing level on June 21
|
| Pricing date: | June 22
|
| Settlement date: | June 27
|
| Agent: | Goldman Sachs & Co. LLC with JPMorgan as placement agent
|
| Fees: | 0.4%
|
| Cusip: | 40055QHJ4
|
© 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.
