By Wendy Van Sickle
Columbus, Ohio, Nov. 29 – GS Finance Corp. priced $3.75 million of 0% autocallable index-linked notes due Nov. 25, 2025 tied 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 called at par plus a 11.6% annualized call premium if the index closes at or above its initial level on any annual valuation date.
If the notes are not called and the index gains or finishes flat, the payout at maturity will be par plus 34.8%.
Investors will receive par if the index falls by up to 30% and will be fully exposed to losses if the index falls by more than 30%.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Autocallable index-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,754,000
|
| Maturity: | Nov. 25, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 34.8%; par if index falls by up to 30%; full exposure to losses if index falls by more than 30%
|
| Call: | At par plus a 11.6% annualized call premium if index closes at or above initial level on any annual valuation date
|
| Initial level: | 3,965.34
|
| Pricing date: | Nov. 18
|
| Settlement date: | Nov. 23
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.83%
|
| Cusip: | 40057NKG1
|
|
|
© 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.
