By Wendy Van Sickle
Columbus, Ohio, April 22 – GS Finance Corp. priced $305,000 of 0% autocallable notes due May 1, 2030 linked to the Motif Capital National Defense 7 ER 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 called at par plus an annual call premium of 5.75% if the index closes at or above its call level on any annual review date. The call level will be 102.5% of the initial level for the April 19, 2021 review date, stepping up by 250 basis points on each subsequent call review date up to 122.5% of the initial level on the April 17, 2029 final review date.
The payout at maturity will be par plus 1.25 times any index gain. If the index falls, the payout will be par.
Goldman Sachs & Co. is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable notes
|
| Underlying index: | Motif Capital National Defense 7 ER index
|
| Amount: | $305,000
|
| Maturity: | May 1, 2030
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain; otherwise, par
|
| Call: | At par plus an annual call premium of 5.75% if the index closes at or above its call level on any annual review date
|
| Initial index level: | 131.14
|
| Call level: | 102.5% of the initial level for the April 19, 2021 review date, stepping up by 250 bps on each subsequent call review date up to 122.5% of the initial level on the April 17, 2029 final review date
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | Goldman Sachs & Co.
|
| Fees: | 4.45%
|
| Cusip: | 40056YYL2
|
|
|
© 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.
