By William Gullotti
Buffalo, N.Y., Jan. 11 – GS Finance Corp. priced $3.47 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due Jan. 12, 2026 linked to the Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 14.4% premium if the stock closes at or above its initial level on Jan. 11, 2024.
The payout at maturity will be par plus 150% of any gain in the stock.
Investors will receive par if the stock falls by no more than 20% and will lose 1% for every 1% decline of the stock beyond the 20% buffer.
The securities are guaranteed by Goldman Sachs Group, Inc.
Wells Fargo Securities LLC and Goldman Sachs & Co. LLC are the agents.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $3,466,000
|
| Maturity: | Jan. 12, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any stock gain; if stock falls by up to 20%, par; otherwise, 1% loss for every 1% decline of stock beyond 20%
|
| Call: | Automatically at par plus a 14.4% premium if the stock closes at or above its initial level on Jan. 11, 2024
|
| Initial level: | $86.08
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 11
|
| Agent: | Wells Fargo Securities LLC and Goldman Sachs & Co. LLC
|
| Fees: | 2.725%
|
| Cusip: | 40057PC34
|
|
|
© 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.
