By William Gullotti
Buffalo, N.Y., Sept. 8 – GS Finance Corp. priced $70 million of 0% autocallable index-linked notes due March 5, 2026 tied to the Nasdaq-100 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 a 17% call premium if the index closes at or above its initial level on Sept. 6, 2023.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus 1.45 times the index gain.
Investors will be fully exposed to any index decline.
Goldman Sachs & Co. LLC is the agent.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $70 million
|
| Maturity: | March 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 1.45 times the index return; otherwise, investors will be fully exposed to any index decline
|
| Call: | At par plus a 17% call premium if index closes at or above initial level on Sept. 6, 2023
|
| Initial level: | 12,098.44
|
| Pricing date: | Sept. 2
|
| Settlement date: | Sept. 8
|
| Agent: | Goldman Sachs & Co. LLC
|
| Fees: | 3.75%
|
| Cusip: | 40057N4Z7
|
|
|
© 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.
