By Wendy Van Sickle
Columbus, Ohio, March 13 – GS Finance Corp. priced $1.14 million of 0% autocallable notes due March 13, 2024 linked to the S&P 500 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 7.3% a year if the index closes at or above its initial level on any quarterly review date after one year.
If the final index level is greater than or equal to negative 20%, the payout at maturity will be $1,365 per $1,000 note.
Otherwise, investors will lose 1.25% for each 1% decline beyond the buffer.
Goldman Sachs & Co. is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked securities
|
| Underlying index | S&P 500 index
|
| Amount: | $1,135,000
|
| Maturity: | March 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than or equal to negative 20%, $1,365 per $1,000 note; otherwise, 1.25% loss for each 1% decline beyond the buffer
|
| Call: | At par plus 7.3% a year if index closes at or above initial level on any quarterly review date after one year
|
| Initial level: | 2,743.07
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Underwriter: | Goldman Sachs & Co.
|
| Fees: | 0.35%
|
| Cusip: | 40056F3P8
|
|
|
© 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.
