By William Gullotti
Buffalo, N.Y., July 31 – GS Finance Corp. priced $658,000 of 0% autocallable index-linked notes due July 31, 2028 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 17% call premium if the index closes at or above 95% of its initial level on July 24, 2025.
If the notes are not called and the index finishes positive, the payout at maturity will be par plus the index gain.
Otherwise, investors will receive par.
Goldman Sachs & Co. LLC is the agent.
Issuer: | GS Finance Corp.
|
Guarantor: | Goldman Sachs Group, Inc.
|
Issue: | Autocallable index-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $658,000
|
Maturity: | July 31, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the index finishes at or above its initial level, par plus the index return; if the index finishes flat or declines, investors will receive par
|
Call: | At par plus 17% call premium if the index closes at or above 95% of its initial level on July 24, 2025
|
Initial level: | 4,554.64
|
Pricing date: | July 24
|
Settlement date: | July 27
|
Agent: | Goldman Sachs & Co. LLC
|
Fees: | 0.67%
|
Cusip: | 40057TKE3
|
|
© 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.