By Wendy Van Sickle
Columbus, Ohio, April 16 – GS Finance Corp. priced $1.05 million of 0% autocallable buffered index-linked notes due April 15, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Goldman Sachs Group, Inc.
The notes will be automatically called at par plus a call premium of 10% if the index closes at or above initial index level on April 21, 2025.
If the notes are not called and the final index level is greater than or equal to the initial level, the payout at maturity will be par plus 2.331 times the index return. Investors will receive par if the index falls but not below 85% and will lose 1.1765% for each 1% loss beyond 15%.
Goldman Sachs & Co. is the underwriter with JPMorgan as placement agent.
Issuer: | GS Finance Corp.
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Guarantor | Goldman Sachs Group, Inc.
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Issue: | Autocallable buffered index-linked notes
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Underlying index: | Russell 2000
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Amount: | $1.05 million
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Maturity: | April 15, 2026
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | If the notes are not called and the final index level is greater than or equal to the initial level, par plus 2.331 times the index return; investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% loss beyond buffer
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Call: | Par plus a call premium of 10% if the index closes at or above initial index level on April 21, 2025
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Initial level: | 2,042.604
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Buffer: | 15%
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Pricing date: | April 11
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Settlement date: | April 18
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Agent: | Goldman Sachs & Co. with JPMorgan as placement agent
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Fees: | 1.5%
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Cusip: | 40058A2T0
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