By William Gullotti
Buffalo, N.Y., Jan. 31 – GS Finance Corp. priced $2.31 million of autocallable contingent coupon ETF-linked notes due Jan. 27, 2026 tied to the Energy Select Sector SPDR Fund and the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Goldman Sachs Group, Inc.
The notes will pay a contingent monthly coupon at an annual rate of 10.25% if each ETF closes at or above the coupon trigger level, 70% of the initial level, on the valuation date for that period.
The notes will be called at par plus a coupon if each ETF closes at or above its initial level on any monthly call observation date after six months.
If the notes are not called and each ETF finishes at or above its 85% buffer level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 15%.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable contingent coupon ETF-linked notes
|
| Underlying ETFs: | Energy Select Sector SPDR Fund, VanEck Gold Miners ETF
|
| Amount: | $2,311,000
|
| Maturity: | Jan. 27, 2026
|
| Coupon: | 10.25% annualized rate, payable monthly if each ETF closes at or above coupon trigger level on valuation date for that period
|
| Price: | Par
|
| Payout at maturity: | If each ETF finishes at or above buffer level, par plus final coupon; otherwise, lose 1% for each 1% decline of worst performer beyond 15%
|
| Call: | At par plus coupon if each ETF closes at or above its initial level on any monthly call observation date after six months
|
| Initial ETF levels: | $80.04 for SPDR, $27.51 for VanEck
|
| Coupon trigger levels: | 70% of initial levels
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 22
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 40057XSA4
|
|
|
|
|
© 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.
