By Wendy Van Sickle
Columbus, Ohio, April 22 – GS Finance Corp. priced $1.03 million 0% autocallable absolute return notes due April 26, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If, on any day during the life of the notes until April 21, 2021, the closing level of the underlier is less than 80% of the initial underlier level, the notes will be automatically called at par.
At maturity, if the final underlier level is greater than the initial underlier level, the payout will be par plus the index return, capped at par plus 5.5%.
If the final underlier level is equal to or less than the initial underlier level but greater than or equal to 80% of the initial underlier level, the payout will be par plus the absolute underlier return.
If the final underlier level is less than 80% of the initial underlier level, the payout will be par.
The notes are guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable absolute return notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,025,000
|
| Maturity: | April 26, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | If on any day during the life of the notes until April 21, 2021 the closing level of the underlier is less than 80% of the initial underlier level, automatically called at par
|
| Payout at maturity: | If the index gains, par plus the return capped at par plus 5.5%; if index is flat or falls by up to 20%, par plus the absolute underlier return; otherwise, par
|
| Initial index level: | 2,905.03
|
| Pricing date: | April 18
|
| Settlement date: | April 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.525%
|
| Cusip: | 40056FBF1
|
|
|
© 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.
