By Wendy Van Sickle
Columbus, Ohio, June 6 – GS Finance Corp. priced $11.1 million of 0% autocallable market-linked notes due May 28, 2027 linked to the S&P 500 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 automatically called at par plus an early redemption premium of 12% if the index closes at or above its initial level on May 28, 2024.
If the notes have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Goldman Sachs & Co. LLC is the agent with UBS Financial Services Inc. as selling agent.
| Issuer: | GS Finance Corp.
|
| Guarantor | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $11,097,000
|
| Maturity: | May 28, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index declines
|
| Call: | Par plus 12% if index closes at or above initial level on May 28, 2024
|
| Initial level: | 4,057.84
|
| Pricing date: | May 26
|
| Settlement date: | May 31
|
| Agent: | Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
|
| Fees: | 2.5%
|
| Cusip: | 40057M3M9
|
|
|
© 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.
