New Issue: GS Finance sells $24.5 million autocallables linked to Dow, S&P, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, April 14 – GS Finance Corp. priced $24.5 million of 0% autocallable index-linked notes due April 16, 2024 tied to the least performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, 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 15% if all three indexes close at or above their initial levels on April 20, 2022.

The payout at maturity will be par plus 1.4615 times the least performing index’s return if all three indexes finish at or above their initial levels. Otherwise, investors will lose 1% for every 1% that the least performing index declines from its initial level.

Goldman Sachs & Co. LLC is the agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Autocallable index-linked notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Dow Jones industrial average
Amount:	$24.5 million
Maturity:	April 16, 2024
Coupon:	0%
Price:	Par of $1,000
Call:	At par plus 15% if each index closes at or above its initial level on April 20, 2022
Payout at maturity:	Par plus 1.4615 times least-performing index’s return if all indexes finish above initial levels; otherwise 1% loss for every 1% decline of least performing index
Initial levels:	4,128.8 for S&P, 33,800.6 for Dow, 13,845.05 for Nasdaq
Pricing date:	April 9
Settlement date:	April 14
Agent:	Goldman Sachs & Co. LLC
Fees:	3.75%
Cusip:	40057FYQ1

© 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.