By Kiku Steinfeld
Chicago, Dec. 12 – GS Finance Corp. priced $164,000 of 0% autocallable notes due Dec. 10, 2026 linked to the Motif Capital Aging of America 7 ER index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called annually at par plus a 10% call return if the index finishes above the call level for the relevant call observation date. The call level starts at 105.8% on Nov. 26, 2021 and increases 290 basis points each year, ending at 117.4% on Nov. 25, 2025.
The payout at maturity will be par plus 125% of any index gain. If the index is flat or falls, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable notes
|
Underlying index: | Motif Capital Aging of America 7 ER index
|
Amount: | $164,000
|
Maturity: | Dec. 10, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 125% of any index gain; if index finishes flat or falls, par
|
Call: | Automatically at par plus 10% per year if index closes at or above call level on any annual call observation date
|
Initial level: | 123.55
|
Call level: | 105.8% on Nov. 26, 2021 and increasing by 290 basis points each year, ending at 117.4% on Nov. 25, 2025
|
Pricing date: | Nov. 25
|
Settlement date: | Nov. 29
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 4.9%
|
Cusip: | 40056XNM4
|
|
© 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.